Kyiv-listed
stocks finished mostly in the red on Thursday (Nov 13) with the UX index falling
by 1.6% to a 9-month UAH-denominated low of 960 points even before the sharp
fall in the hryvnia is taken into account; it was the 9th consecutive session
loss for the benchmark. Among news impacting the local market was an
announcement that London-based trading company SteelMont has cancelled its
contract to deliver 1mn tonnes of South African coal to Ukraine aimed at
covering part of the 5mn-tonne thermal coal shortage in the country for the
winter season. The heaviest loss of 6.0% among blue chips was registered in
UkrNafta (UNAF). Motor Sich (MSICH) dropped by 3.4% to UAH 2059 while
CentrEnergo (CEEN) shed 0.7% to close at UAH 7.00 per share. In the steel
sector, the two hardest-hit issues in recent days, Alchevsk Steel (ALMK) and
Yenakievo Steel (ENMZ) rebounded by 6.5% and 3.8% respectively on thin turnover.
London-listed Ukrainian names were mixed with Ferrexpo (FXPO) declining by 2.9%
to near GBp 78 while MHP (MHPC) rose 3.9%. In Warsaw, Kernel (KER) and Astarta
(AST) picked up 3.0% and 1.2% respectively, with the latter finishing at PLN 20
on the nose.
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Please contact our office in Kyiv at 380-44-590-5454, or
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