Ukrainian equity markets were closed yesterday (Aug. 24) as the country celebrated Independence Day.
Ukrainian stocks on international exchanges slumped, as negative sentiment pushed prices down. Ferrexpo (FXPO LN -4.45%) and Astarta (AST PW -4.43%) were the most prominent losers. Among food processing stocks, Kernel (KER PW) dropped 1.66% and MHP (MHPC LI) closed unchanged. Oil and gas names followed the negative trend: Regal (RPT LN) lost 2.96%, JKX Oil& Gas (JKX LN) slid 1.04% and Cadogan (CAD LN) hugged the flat line.
Moderate action was observed on Ukraine’s Eurobond space Tuesday. Following global negative sentiment sovereigns closed about 1 p.p. lower on the long end. Naftogaz continued to be very well bid and closed just a quarter weaker. In the corporate sector, MHP outperformed, while long-end CITKIE were under selling pressure.
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