Kyiv-listed stocks retreated on Wednesday (Jan 14) both due to a
technical correction after five sessions of growth, and a worsening military
situation in the east of the country. At least 10 civilians were killed this
week when an artillery shell hit a passenger bus in a Ukrainian-controlled area
of Donetsk province. The UX index declined by 1.3% to close at 1057 points. The
steel sector continued to underperform the broader market, as most domestic
steel plants are located in or near the war zone. Quotes for Yenakievo Steel
(ENMZ) and Alchevsk Steel (ALMK) declined by 2.5% each, and Avdyivka Coke (AVDK)
lost 3.1%. In utility sector, CentrEnergo (CEEN) edged down by 0.2% to UAH 7.70
and DonbasEnergo (DOEN) slid 5.2% to UAH 32.50. Top liquid issue UkrNafta (UNAF)
saw its correction limited to just 0.7% after a 16% rise of a day earlier.
London traded Ukrainian names were mixed, with Ferrexpo (FXPO) slumping 6.0% to
GBp 54.40, while MHP (MHPC) picked up 2.0% to USD 9.30. Warsaw-listed Kernel
(KER) and Agroton (AGT) fell 2.2% and 3.5% respectively, with the latter closing
at PLN 1.40.
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