Locally-listed Ukrainian stocks experienced another day of high
volatility on Thursday (Feb 19), this time to the downside, with the UX index
sliding 2.9% to 1082 points, thereby giving back much of Wednesday’s 4% gain.
Macro data from UkrStat indicating that national industrial output for January
was down 21% YoY was like a cold shower on the optimism of traders. Helicopter
engine producer Motor Sich (MSICH) lost 3.9% to UAH 2800 on the nose while
printing turnover of UAH 4.4mn. UkrNafta (UNAF) fell 2.7% to UAH 290 and
Raiffeisen Aval (BAVL) shed 1.8%, while in second-tier names, iron ore producer
Pivnichny GOK (SGOK) dropped 4.7% to UAH 8.10 per share. In London, JKX
Oil&Gas (JKX) tumbled 25% to GBp 25.50 after Russian investment firm Proxima
Capital Group said it has decided against making a bid to acquire the company.
Ferrexpo (FXPO) declined by 0.8% to GBp 63.00 while MHP (MHPC) was flat at
USD 9.90. In Warsaw, Astarta (AST) was the biggest mover, falling by a notable
8.2% to PLN 23.40.
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