Ukrainian stocks fell sharply at the opening on Monday (Jan 20) and
maintained those losses throughout the session, as sentiments were hit by Sunday
night’s widely reported clashes between anti-government protesters and riot
police in central Kyiv. The UX index slumped 2.8%, closing at 895 points and
giving up all of last week’s rise. Raiffeisen Aval (BAVL) led the decline,
sliding 4.4%, and Azostal (AZST) dropped below 60 kopecks for the first time
since May on a 4.0% fall. The market’s recent big winners, Motor Sich (MSICH)
and DonbasEnergo (DOEN), corrected by 1.5% and 2.9% respectively. UkrNafta
(UNAF) was the day’s lone blue chip gainer, adding 2.2% to UAH 113. In Warsaw,
agro issues Kernel (KER PW) and Astarta (AST PW) picked up 1.6% and 4.5%, with
the latter closing at PLN 67.50.
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