Ukrainian stocks
moved sharply higher on Friday (Feb 6) afternoon on investors’ optimism that the
leaders of Germany and France might be able to persuade the Kremlin to accept a
peace plan for Ukraine during a weekend visit to Moscow. The UX index advanced
by 3.7% to close at 1055 points. UkrNafta (UNAF), Raiffeisen Bank Aval (BAVL)
and CentrEnergo (CEEN) each jumped by 5%, while beaten-down Avdyivka Coke (AVDK)
lost another 3.7% to close at UAH 1.12 per share. Volume leader Motor Sich
(MSICH) added 4.2% to UAH 2730 on turnover of UAH 2.4mn. In London, JKX
Oil&Gas (JKX) continued its run-up, soaring 25% to GBp 28.75 on rumors of an
impending acquisition by Russia’s Proxima Capital Group, and Ferrexpo (FXPO)
edged up by 1.9% to near GBp 55. Warsaw-listed Astarta (AST) fell 2.2% to PLN
23.85 while Agroton (AGT) gained 3.2% to PLN 1.30.
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