EAVEX Weekly

December 09, 2019
 

Kyiv-listed Ukrainian stocks finished mostly higher last week, demonstrating some recovery after persistent selling pressure observed since late October. However, the PFTS index edged down by 0.1% to 510 points. UkrNafta (UNAF) gained 1.4% to UAH 142 per share despite negative reports that the company’s LPG facility has excessive inventories due to the company’s inability to effectively sell the product. CentrEnergo (CEEN) returned back above the UAH 9 level, advancing by 2.2% to UAH 9.10 per share. Low-liquidity Krukiv Wagon (KVBZ) tumbled by 5.1% to UAH 15.60. In London trading, Ferrexpo (FXPO) dropped by 3.9% to GBp 142 per share as risks of a higher production tax for iron ore in Ukraine become more visible. MHP (MHPC) once again tested the USD 9 line, closing at USD 8.94 on a 1.6% gain for the week. Regal Petroleum (RPT) fell 4.8% to GBp 23.80 as the company is unlikely to deliver a strong profit this year amid declining natural gas prices.