Local Ukrainian stocks continued to get hammered by the double-whammy
of declining quotes and a slumping hryvnia on Monday (Nov 10). The re-escalation
of hostilities in the Donbass is unnerving investors, who pushed the UX index
down by 1.7% to 1072 points. Alchevsk Steel sunk further into all-time low
territory, shedding 2.7% to 2.19 kopecks, while Azovstal, DonbasEnergo, and
Motor Sich also lost more than 2% each and volume leader UkrNafta edged down
0.8% on turnover of UAH 2.0mn. Outside the UX basket, there was some action in
the stock of heavy truck producer AvtoKraz (KRAZ), which jumped 41% from its
previously-listed price to near 13 kopecks. In London, top Ukrainian issues
Ferrexpo and MHP both continued to slide, falling by 2.3% each to close at GBp
77.90 and USD 10.70, respectively. In Warsaw, Astarta got clobbered for a third
straight day, plunging 13.1% to PLN 19.40.
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