The Ukrainian
local stocks finished on a minor note on Friday (Nov 7) for a second straight
session amid the sharp hryvnia devaluation. The official NBU exchange rate was
set at a new all-time low of 13.95 UAH/USD on Friday, while offers quoted on the
interbank market reached 15.20. The UX index retreated by 0.6% to close at 1090
points. CentrEnergo (CEEN) was the only blue chip ending in the black, inching
up 0.3% to UAH 7.56 per share. The most actively traded issues, UkrNafta (UNAF)
and Motor Sich (MSICH), declined by 1.1% and 0.4% respectively on combined
volume of UAH 2.8mn. Outside the UX basket, ZakhidEnergo (ZAEN) lost 3.1% to UAH
154. London-listed Ukrainian names were mixed, with Avangard (AVGR) dropping
3.1% to USD 6.20 while Ferrexpo (FXPO) picked up 1.7% but still lost 4.4% for
the week. In Warsaw, sugar producer Astarta (AST) plummeted 13.5% to PLN 22.70
after reporting a net loss of EUR 25mn for the third quarter.
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