The Ukrainian equity market managed to finish in the black on Tuesday
(Sept 30) thanks to last minute bargain-hunting by aggressive traders. Signs
that the hryvnia is holding firm near the level of 13.00 against the dollar
provided investors with some confidence that the National Bank may be able to
keep the situation on the currency market under control. The UX index edged up
by 0.4% to close at 1077 points. Beaten-down Azovstal (AZST) and DonbasEnergo
(DOEN) added the most points to the gauge, rising by 1.8% each. The most
actively traded stock, Motor Sich (MSICH), added 0.9% to UAH 2237 on turnover of
UAH 2.1mn. Outside the UX basket, there was some movement in Khartsysk Pipe
(HRTR), which advanced by 8.0% with the last deal recorded at 54 kopecks. In
London, MHP (MHPC) regained part of its big Monday loss, adding 3.4%, but
Ferrexpo (FXPO) continued to search for a bottom in its downward trajectory,
falling 2.4% to near GBp 112, its lowest close since mid-2009. Warsaw-listed
Industrial Agroton (AGT) rose by 2.4% while Astarta (AST) declined by 3.0%.
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