April 28, 2017
Equities: Local equities rose by 1.6% yesterday, led by gains in CEEN (+4.3%), MSICH (+2.4%) and BAVL (+0.3%). The broader KP-Dragon index inched up by 0.5% on the day despite selling pressure in AGT (-5.2%), FXPO (-3.8%) and MLK (-2.8%). KER (+1.4%) withstood the headwinds, closing at PLN 71. MHP (+0.5%) and AST (0.9%) were also better bid. With Asian markets in the red zone and European futures trading flat, we expect Ukrainian equities to trade sideways today.
Fixed income: The sovereign curve bounced back yesterday after staying heavy for the previous few days, with prices closing 0.25-0.75pt stronger. Most volumes were at the long end (25s, 26s) and in warrants. Quasi-sovereigns were stable, with stronger bids seen in RAILUA.