Comments and pre-market: Аналитический обзор рынка

Ukrainian equities sold off heavily for a second day on Tuesday (Sept 24) amid bearish sentiments both locally (worries about Moody’s downgrade of the sovereign rating) and globally (concerns over the effects of a Federal Reserve tightening on emerging markets). The UX index lost 1.9% to end at 812 points, its lowest close since late April. Motor Sich slid 4.4% to UAH 1610 as traders calculated that worsening Ukrainian-Russian relations could hurt the company, and national flagship oil producer UkrNafta was down 4.0%. CentrEnergo fell 2.5% on turnover of UAH 3.0mn, while most other blue chips lost around 1%. Outside the UX basket, Krukiv Wagon, another issue with exposure to the Russian market, dropped below the UAH 20 level for the first time since February after shedding 3.2%. In London, Ferrexpo was lower by 2.6%, finishing at GBp 175, while Regal Petroleum plunged 10.5%, negating its 8% gain from Monday’s session.
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Аналитический обзор рынка