Kyiv-listed
stocks started off the new month by ending lower on Monday (Feb 3) in an
unremarkable session that saw three of the 10 local blue chips, including top
financial names UkrSotsbank and Raiffeisen Aval, post negligible trading
volumes. Externally, the major global indices continued to sell off, with US
bourses suffering the worst; the S&P 500 and the DJIA both slid more than 2%
after the release of worse-than-expected US manufacturing data. The UX index
finished with a loss of 0.8% at 883 points. UkrNafta was the most notable mover,
dropping by 2.9% to UAH 123 after having moved up nearly 20% in recent days on
speculative buying. DonbasEnergo and Yenakievo Steel both shed 0.7%, while top
liquid name Motor Sich was essentially unchanged on volume of UAH 3.1mn. In
London, somewhat ironically given the negative global sentiments, Ferrexpo
finally was able to halt its long slide, correcting upward by
1.7%.
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