Market comment

Market comment



23 січня 2015 года
Конкорд Капитал

Ukrainian equities drew strong demand in London on Thursday, Jan. 22. Iron ore miner Ferrexpo (FXPO LN) surged 9.7%, or 13.7% in two sessions. Real estate firm DUPD (DUPD LN) jumped 6.1% and poultry producer MHP (MHPC LI) increased 2.8%. The WIG Ukraine Index of Warsaw-traded stocks slid 0.1%, pulled down by its largest component, grain trader and sunflower oil producer Kernel (KER PW -1.2%). The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 1.7%, pulled down by power generator Donbasenergo (DOEN UK -4.8%). Avdiyivka Coke (AVDK UK -2.7%), whose plant is besieged by terrorist attacks, has plummeted 16.5% in five straight negative sessions.



Investors continued selling Ukrainian Eurobonds on Thursday on ongoing speculation on possible restructuring of sovereign bonds. Privatbank’s (PRBANK ‘15) paper maturing on Sept. 23 became the third in the Ukrainian universe to offer more than 100% yield to maturity, after its YTM jumped 4.5pp in the day to 102%. The yield of the sovereign bond (UKRAIN ‘15) maturing the same day as PRBANK increased 20.3pp to get closer to the 100% threshold, finishing the day at 96%. The day's top decliner was the shortest Eurobond of Ukreximbank (EXIMUK ‘15), whose YTM surged 21.8pp to 139%.

Источник: Конкорд Капитал

Аналитик: Максим Слободской
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