Ukraine’s stock market demonstrated moderate growth on Friday (Mar 6)
ahead of the long Women’s Day weekend. The UX index added 0.6% to close at 1107
points. CentrEnergo (CEEN) rose by 0.9%, climbing back to the UAH 8 level, and
Krukiv Wagon (KVBZ) advanced by 2.2% to UAH 11.85. Raiffeisen Aval (BAVL)
increased by 1.5% as the hryvnia exchange rate appeared to stabilize at bid/ask
of 23/27 UAH/USD. In London trading, JKX Oil&Gas (JKX) gained 5.5% to GBp
37.00 on news that Russian investment house Proxima Group bought 12.50% of the
company despite walking away from the idea of acquiring a controlling stake.
Ferrexpo (FXPO) fell 3.8% to GBp 57.25 per share as the increase in Ukraine’s
iron ore production tax will have a negative impact on the company’s
profitability. Warsaw-listed Astarta (AST) lost 2.8% to close at PLN 24.00 while
Kernel (KER) edged up 0.6% to PLN 32.60.
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