Kyiv-listed
equities edged down on Wednesday (Jan 21) in a generally quiet trading session.
At the Davos World Economic Forum in Switzerland, President Poroshenko once
again claimed that Russian military forces are in Eastern Ukraine. Meanwhile,
responding to allegations of Russian troops in Ukraine, Russian Foreign Minister
Sergei Lavrov denied the claims. The UX index slipped 0.2% to close at 1040
points. UkrNafta (UNAF) fell 1.6% to UAH 236 per share amid controversial news
that the company’s minority shareholder group affiliated with industrialist Igor
Kolomoysky sent a letter to the government demanding USD 5bn in compensation for
UkrNafta’s losses on natural gas sales. The shareholders blamed the government
for a special requirement that has been setting a low price for natural gas
produced by state-owned companies since 2006. The letter looks like part of a
broader corporate conflict between the government and Mr. Kolomoysky regarding
operational control over UkrNafta. In other blue chips, CentrEnergo (CEEN) shed
0.3% and DonbasEnergo (DOEN) rose 1.4%. In London, Ferrexpo (FXPO) advanced by
3.7% to GBp 56.75, while Warsaw-listed Kernel (KER) added 3.5% to PLN
33.40.
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