Ukrainian stocks traded in Kyiv ended higher on Monday (Sept 1)
thanks to positive news about the approval of the second loan tranche from the
IMF and the Fund’s readiness to combine the disbursement the third and fourth
tranches. The UX index rose 0.3% to close at 1184 points. UkrNafta (UNAF UK) led
the rally, adding 3.0%, while DonbasEnergo (DOEN UK) acted as a drag on the
index, losing 1.6% to UAH 34.40; the stock has been hammered by news that the
area around its Starobeshiv power plant south of Donetsk has fallen under the
control of pro-Russian paramilitaries. Heavyweight Motor Sich (MSICH UK) had a
moderate increase of 0.4%, while Raiffeisen Aval (BAVL UK) and CentrEnergo (CEEN
UK) added 1.0% and 0.8% respectively. In second tier names, Krukiv Wagon (KVBZ
UK) rose by 1.3% following news that the issue will replace the nearly un-traded
UkrSotsBank (USCB UK) issue in the index basket starting on Sept 16. Quotes for
UX Futures contracts expiring on Sept 15 climbed by 0.4% to 1218 points. London
listed MHP (MHPC LI) edged down 0.8% to USD 11.6 per share.
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