Ukrainian
equities ended generally lower on Monday (Feb 23) with market players
discouraged by more grim developments on the currency market, which resulted
after the Ukrainian government said it is not ready to comply with the Minsk
ceasefire agreement and pull back artillery from the Donbass conflict zone. The
hryvnia refreshed its all-time low against the dollar, trading at 31.70 UAH/USD,
creating a gap with the official rate at 28.35 UAH/USD. The UX index shed 0.7%
to close at 1091 points. National flagship oil producer UkrNafta (UNAF) lost
3.5%, finishing at UAH 292 per share. Motor Sich (MSICH) edged down 0.4% while
CentrEnergo (CEEN) rose by 1.5% to UAH 7.83. Outside the UX basket, UkrTelecom
(UTLM) advanced by 3.3% to 15.50 kopecks. In London trading, JKX Oil&Gas
(JKX) showed some surprising upside volatility, jumping 18% to near GBp 36, and
Ferrexpo (FXPO) gained 0.8% to GBp 65.00. In Warsaw it was a quiet day for
Ukrainian issues, with Agroton and Astarta ending unchanged while Kernel (KER)
edged down 1.3% to PLN 31.00.
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