Ukrainian local
stocks ended higher on Wednesday (Nov 5), as news that Naftogaz has paid USD
1.45bn to unlock natural gas supplies from Gazprom provided more confidence in a
smooth passing of the winter season. The UX index rose 1.4% to close at 1106
points. Krukiv Wagon (KVBZ) was the only blue chip loser for the session with a
decline of 0.6%. Yenakievo Steel (ENMZ) and Azovstal (AZST) gained 4.1% and 2.8%
respectively due to short covering by market players. Top liquid issues UkrNafta
(UNAF) and Motor Sich (MSICH) both added 1.4%, with the latter ending at UAH
2280. In London, Ferrexpo (FXPO) shed another 1.7% to a fresh 5-year low of GBp
79.75. Warsaw-listed Agroton (AGT) continue to slide after a war-related asset
write-off of USD 15mn, tumbling 16.2% to PLN 1.55. Astarta (AST) also got
hammered, plunging 9.0% to a 4-year low near PLN 26.0.
full report
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