Ukraine’s equity market suffered its worst day in more than 7 months
on Thursday (Jan 9), as a large seller appeared to be pushing down blue chip
prices across the board against a backdrop of nearly flat external sentiments in
Europe and the US. The UX index ended with a loss of 2.3% at 880 points after
having been down as much as 3.5% intraday. Alchevsk Steel (ALMK) plunged 7.0% to
a new 5-year low of 3.60 kopecks, while Avdyivka Coke (AVDK) hit its lowest
level in 14 months after a 5.0% slide. Raiffeisen Aval (BAVL) and Yenakievo
Steel (ENMZ) also got hammered, falling by more than 4% each, and Motor Sich’s
(MSICH) long run of gains ended with a 1.6% decline to UAH 1797. In Warsaw,
sporadically-traded Astarta (AST PW) moved down by 5.1%, while in London,
Ferrexpo (FXPO LN) and MHP (MHPC LI) dropped by 2.8% and 2.2% respectively, with
the former ending near GBp 175.
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