Ukraine’s stock
market saw a technical rebound on Tuesday (Jan 20) after four sessions of
correction. The UX index rose by 1.3% to close at 1041 points despite the
continuing negative news flow regarding the war situation in the east of the
country; on the border between Donetsk and Zaporizha provinces, an apparent bomb
attack blew up a railroad bridge. In the most actively traded issues, UkrNafta
(UNAF) added 1.2% to UAH 240 per share and CentrEnergo (CEEN) edged up half a
percent. In the banking sector, Raiffeisen Aval (BAVL) climbed 1.2% to 9.20
kopecks. London-listed shell egg producer Avangard (AVGR) slid to a fresh
all-time low of USD 1.90 on a 5% decline. In Warsaw, Kernel (KER) advanced by
5.6% to PLN 32.25 after the company reported solid operating results for the
Oct-Dec quarter. Kernel increased its grain sales by 5% YoY to 1.40mn tonnes in
2Q of its 2015 financial year.
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