Locally-listed
Ukrainian stocks were mostly higher again on Tuesday (Feb 25) following Monday’s
massive gains, although issues listed in London ended lower as apparent internal
squabbling as well as possible Western pressure against certain ministerial
candidates delayed the formation of a new government until at least Thursday.
The UX index added 1.5% to close at 1092 points, driven by gains of more than 5%
each in UkrNafta, Alchevsk Steel, and Raiffeisen Aval, with the latter finishing
at 14.50 kopecks, its highest level in nearly two years. DonbasEnergo picked up
2.3% and CentrEnergo rose in line with UX benchmark, but Yenakievo Steel
corrected by 6.3% following its 30% jump in the previous session. Outside the UX
basket, UkrTelecom and Yasynivsky Coke each added a solid 7.7%. In London,
Ferrexpo and MHP both edged down by around 1%, while Avangard and JKX
Oil&Gas saw more notable declines, dropping by 4.6% and 3.1% to end at USD
10.45 and GBp 62.25, respectively.
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