Ukrainian equity markets continued their push back into positive territory yesterday (Mar. 17). The UX exchange added 1.8% on a moderate equity trading volume of UAH 182 mln. Motor Sich (MSICH +1.25%) took a bite out of losses posted earlier in the week. Metals and mining stocks (ALMK +3.12%, AZST +3.43%, AVDK +1.15%, ENMZ +2.68%, YASK +1.47%) added to the index’s positive momentum. Trading for Ukrnafta (UNAF +0.88%) remained steady ahead of next week’s crucial EGM. GenCos closed mixed: Centerenergo (CEEN +3.06%) and Donbasenergo (DOEN +1.64%) surged, while Zakhidenergo (ZAEN -1.52%) posted a notable decline. Banks (BAVL +1.67%, USCB +2.75%) and Ukrtelecom (UTLM +1.54%) fell in line with the advance. Stirol (STIR +4.61%) skyrocket on the back of news that the company had recommenced production of ammonium nitrate at a facility closed back in 2009.
On international markets, Ukrainian names followed the general upward climb. Ferrexpo (FXPO LN) had a monster session, posting a 4.57% rise. Oil and gas companies (CAD LN +1.95%, RPT LN +0.63%, JKX LN +2.55%) closed with moderate gains, and MHP (MHPC LI +0.63%) made a slight turnaround. In Warsaw, agricultural and food processing stocks (AGT PW +1.51%, AST PW +1.94%, KER PW +1%) gained ground.
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