Kyiv-listed blue chips were mostly higher on Wednesday (Aug 27) a day
after the first bilateral meeting between Presidents Poroshenko and Putin
brought unclear results on a roadmap to ending the economically destructive
Donbass war in Ukraine’s east. Externally, it was a very flat day of trading
both in Europe and the US typical of late summer. The UX index added 2.1% to
close at 1251 points. UkrNafta jumped 6.2% to UAH 341 as traders pushed up
quotes to keep the stock on pace with the devaluing hryvnia, and Motor Sich
reversed its recent slide with a big gain of 5.4% on turnover of UAH 3.1mn.
Metinvest steelmakers Azovstal and Yenakievo picked up 2.2% and 1.8%
respectively, while Raiffeisen Aval was a loser on the day, dropping 0.6%.
Outside the UX basket, Poltavsky GOK and Slavutich Brewery added about 6% each.
In Warsaw, it was a miserable day for KSG Agro, which lost 52% of its value to
PLN 1.45 after the release of the company’s long-delayed FY13 financials and
the un-freezing of the stock.
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