Kyiv-listed equities ended mostly in the black on Tuesday (Feb 3)
with the UX index climbing by 0.4% to end at 980 points. Although intense
fighting continued in the government-controlled enclave of Debaltsevo, the news
flow was less turbulent than in recent days, adding some confidence to the
market. The country’s largest oil producer UkrNafta (UNAF) rose by 1.0% to close
at UAH 245 per share as global prices for crude oil demonstrated signs of a
rebound. Motor Sich (MSICH), Azovstal (AZST) and DonbasEnergo (DOEN) each added
about 1%. Meanwhile, CentrEnergo (CEEN) continued to move south, declining by
0.7% to UAH 6.85 on reports that the company’s power plants are once again
facing disruptions of coal supplies. Outside the UX basket, DniproEnergo (DNEN)
edged down 0.3% to close at UAH 570. In London trading it was a fairly good day
for Ukrainian names, with JKX Oil&Gas (JKX) advancing by 9.6% to GBp 14.25
and Ferrexpo (FXPO) adding 3.0% to GBp 51.75. Warsaw-listed Kernel (KER) shed
2.3% to PLN 30 on the nose and Ovostar (OVO) slipped 4.0% to PLN 71.00.
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