Local Ukrainian stocks ended on a negative note on Friday (Nov 21)
after the Finance Ministry announced unpleasant economic forecasts for 2015. In
particular, the government projected a 4.5% GDP contraction in the country next
year and also foresees consumer inflation (rather optimistically) at 13.4%. The
UX index declined by 0.4% to close at 982 points. Heavyweights Motor Sich
(MSICH) and CentrEnergo (CEEN) inched down by 0.2%, while less liquid Raiffeisen
Aval (BAVL) and Avdyivka Coke (AVDK) each dropped by 1.2%. Among London-listed
Ukrainian names, MHP (MHPC) slipped 0.4% to close at USD 11 on the nose, while
Ferrexpo (FXPO) added 2.5% to GBp 73.25. In Warsaw trading, Kernel (KER) lost
1.1% and Astarta (AST) fell by 3.7% to PLN 18.30.
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