The Ukrainian stock market edged up on Friday (Jan 30) with traders
covering part of their short positions ahead of the result announcement from the
latest Donbass peace talks in Minsk. As we understand this morning, the talks
did not lead to any new solution in the conflict with pro-Russian separatists in
the east of Ukraine, and the OSCE issued a statement blaming the separatist side
for the lack of progress. The UX index inched up by 0.3% to end at 991 points.
Raiffeisen Aval (BAVL) and Azovstal (AZST) added 1.0% each while CentrEnergo
(CEEN) shed 0.5% on fears that the company could face renewed coal supply
problems. In second-tier stocks, Donbass-bassed large diameter pipe producer
Khartsysk Pipe (HRTR) plunged by 17% to 30 kopecks per share. In London trading,
Ferrexpo (FXPO) lost 2.4% to close at GBp 50 on the nose, while MHP (MHPC) added
0.8% to USD 9.50 ahead of the release of its operational update today.
Warsaw-listed Kernel (KER) and Astarta (AST) both inched down by 0.2%, with the
latter closing at PLN 25.0.
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