Kyiv-listed stocks finished notably lower on Monday (Jan 19) amid
escalating violence in the Donbass and a controversial accusation from the
Kremlin that President Poroshenko rejected a ceasefire offer sent last week by
President Putin. The re-escalation of the Donbass fighting looks like a
provocation aimed at undermining Ukraine’s chances of obtaining a favorable
decision on loan disbursement from the IMF, which currently has a monitoring
mission working in Kyiv. The UX index fell 2.0% to close at 1028 points. The
worst- performing UX component was Avdyivka Coke (AVDK), which tumbled 7.5% to
UAH 1.53. DonbasEnergo (DOEN) and UkrNafta (UNAF) also suffered significant
drops of 4.3% and 3.0% respectively. In low-liquidity issues, Krukiv Wagon
(KVBZ) slid 6.2% to UAH 11.60 after the company reported a 55% YoY reduction in
its freight railcar output for full-year 2014. In London, JKX Oil&Gas (JKX)
declined by 2.0% to GBp 12.10 while Ferrexpo (FXPO) closed unchanged at GBp
55.25. Warsaw-listed Agroton (AGT) rose 4.6% to PLN 1.37.
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