Local Ukrainian equities ended higher on Friday (Feb 27) as signs of
a stabilization of the hryvnia encouraged traders to open long positions. The UX
index climbed 0.5% to close 1124 points. CentrEnergo (CEEN) and Raiffeisen Aval
(BAVL) added 1.8% each, and low-liquidity blue chips Avdyivka Coke (AVDK) and
Yenakievo Steel (ENMZ) advanced 5.2% and 3.4% respectively thanks to a gradual
implementation of the ceasefire agreement for the Donbass. Volume leader Motor
Sich (MSICH) finished lower by 0.7% at UAH 2800 on turnover of UAH 2.3mn.
Outside the UX basket, sporadically traded third-tier issue Galnaftogaz (GLNG)
saw some action, rising by 6.7% from its previous listed price to 16 kopecks per
share. In London it was a quiet trading day for Ukrainian names, with Ferrexpo
(FXPO) inching down 0.8% and JKX Oil&Gas (JKX) edging up 0.3%. In Warsaw,
diversified agro producer Kernel (KER) put in a strong performance, jumping 7.9%
to PLN 32.00 after reporting a record-high EBITDA for the Oct-Dec quarter.
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