Ukrainian equity markets showed mixed dynamics Monday (Aug. 30). The UX exchange opened strong, but failed to keep gains and closed only 0.07% higher. Total trading volume was moderate at UAH 73 mln. An impressive gain for Avdiivka Coke (AVDK +4.02%) was offset by a weak performance by Yasynivka Coke (YASK -4.18%). Steel producers posted mild losses: ALMK -0.35%, AZST -0.74%, ENMZ -1.10%. Centerenergo (CEEN -0.67%) and Ukrtelecom (UTLM -0.38%) came under selling pressure, while Motor Sich (MSICH +0.31%), Ukrnafta (UNAF +1.36%) and Ukrsotsbank (USCB +0.72%) enjoyed modest demand.
The London Stock Exchange was closed yesterday due to a banking holiday. Ukrainian food processing stocks listed in Warsaw advanced. Astarta (AST PW) soared 2.14% and Kernel (KER PW) inched up 0.41%.
Politics: Amendments to Ukrainian law pave the way for local elections
Fixed Income: Ministry of Finance places third tranche of VAT bonds
Metals and Mining: Alchevsk repays one-third of its debt for raw materials to Metinvest
Food processing: Kernel reports $152.7 mln net profit
