Market comment

Market comment



20 січня 2015 года
Конкорд Капитал

The latest Russian military incursion into Ukraine plunged the stock prices of eastern Ukrainian companies on Monday, Jan. 19. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks fell 2.0%, or 4.1% in four straight negative sessions. It was weighed down by Avdiyivka Coke (AVDK UK -7.5%), Alchevsk Steel (ALMK UK -4.8%) and power generator Donbasenergo (DOEN UK -4.3%). In Warsaw, the WIG Ukraine Index slid 0.7%, or 4.5% in four straight losing sessions, pulled down by sugar maker Astarta (AST PW -2.7%), which has declined 5.3% in five straight negative sessions. There was very little movement in Ukrainian equities traded in London beyond Cadogan Petroleum (CAD LN +5.3%).



The Ukrainian Eurobonds market was calm on Jan. 19, with only the 2016 paper of State Savings Bank (OSCHAD) changing in price. Its YTM decreased 204 bps over the day to 65.3%. The hryvnia renewed its all-time low vs. the U.S. dollar on the interbank market as the trading session closed at UAH 21.0-22.0 per USD. The official rate of the hryvnia, as set by the central bank, has slightly strengthened Monday to UAH 15.81/USD from UAH 15.88/USD on Saturday, Jan. 17.

Источник: Конкорд Капитал

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