Ukraine’s local stock market saw a new wave of selling on Monday
(Sept 29), with the UX index dropping by 1.6% to close at 1073 points, as local
media was flooded with populist political advertisements opposing badly needed
economic reforms in the country. Among particular blue chips, Motor Sich (MSICH)
and UkrNafta (UNAF) lost 1.1% and 1.6% respectively, albeit on
much-below-average combined turnover of UAH 1.2mn. DonbasEnergo (DOEN) lost
3.4% after news that the company failed in its attempt to raise UAH 172mn
through a credit line tender. In the steel sector, Azovstal (AZST) edged down by
0.7% to 64 kopecks and Yenakievo Steel (ENMZ) fell 2.5%. In London, the biggest
story of the day was poultry giant MHP, which unexpectedly plunged 9.0% to USD
11.50, and Ferrexpo slid deeper into post-2009 low territory on a 2.7% loss. In
the winners’ circle, JKX Oil&Gas (JKX) advanced by 6.7% to GBp 47.50 on the
company’s report about extension of one its key licenses. In Warsaw, Kernel
(KER) and KSG Agro shed 1.2% and 2.3% respectively.
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