Kyiv-listed blue chips made up some ground on the rapidly sliding
hryvnia on Friday (Apr 11), although they were far from re-couping all of the
currency’s stunning 15% decline against the dollar as UAH depositors rushed to
pull their money out of banks this week. Meanwhile, US shares were down across
the board for a second straight day and the main European bourses also joined in
the selloff, with the DAX ending down by one and a half percent. The UX index
gained 2.8% to close at 1164 points, led by Avdyivka Coke, which jumped 8.5% to
UAH 3.52, its highest hryvnia-denominated closing price in nearly a year.
CentrEnergo and DonbasEnergo picked up 4.9% and 3.9% respectively, while
UkrNafta was up 3.4% to UAH 264. Raiffeisen Aval lagged behind the UX’s other
top names, dropping by 1.1%. Outside the UX basket, second-tier issues Poltavsky
GOK and Stirol saw substantial rises of 7.9% and 10.7% respectively. In London,
both Ferrexpo and MHP appreciated by around 2%, with the latter finishing at USD
13.12.
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