Kyiv-listed stocks ended notably lower on Thursday (Mar 19), with the
UX index losing 1.7% to close at 1061 points. Raiffeisen Aval (BAVL) was under
persistent pressure, falling 3.4% to 10.10 kopecks per share after the National
Bank reported that the overall capital adequacy of the domestic banking system
has fallen to 7.4%, in spite of the NBU’s mandatory minimum level of 10%.
Low-liquidity UX component Krukiv Wagon (KVBZ) was also a big drag on the index,
sliding 7.0% to UAH 10.88. Meanwhile, UkrNafta (UNAF) gained 1.4% to UAH 309
after Parliament adopted a bill that should help the government to regain
operational control over the company. In London trading, JKX Oil&Gas (JKX)
was unchanged at GBp 35.50 ahead of the company’s financial report for FY14, and
Ferrexpo (FXPO) edged down by 1.3%. Warsaw-listed Kernel (KER) continued to look
strong, advancing by 5.0% to PLN 36.40 to break out of its recent trading range
and re-enter territory not seen since before the start of Ukraine’s political
crisis back in late 2013.
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Please contact our office in Kyiv at 380-44-590-5454, or
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