Ukraine’s stock
market ended in the red on Tuesday (Sept 2) despite generally positive external
sentiments. Local traders continued to focus on deteriorating macro forecasts
for the country, with one of Ukraine’s top independent think-tanks, the
International Center for Policy Studies, saying the GDP drop might reach 7.0%
this year. The UX index lost 1.6% to close at 1168 points, still retaining some
breathing room above its historically strong support level of 1150. Among
heavyweight stocks, both Motor Sich (MSICH UK) and CentrEnergo (CEEN UK) fell
by 1.8%. UkrNafta (UNAF UK) was actively traded, printing UAH 1.05mn in
transactions while dropping by 1.5% to UAH 326 per share. Krukiv Wagon (KVBZ UK)
slid 2.7% after a moderate increase the day before. Quotes for UX Futures
contracts expiring on Sept 15 declined 1.8% to 1196 points. In London, poultry
producer MHP (MHPC LI) sold off by 3.5% to a fresh 2-year low of USD 11.2 on
worries that demand for the company’s products could worsen in the current
domestic economic environment. Ferrexpo (FXPO LN) dropped by 3.0% as the outlook
for global iron ore prices remained weak.
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