Ukrainian stocks finished lower on Friday (Mar 20) amid more selling
of low-liquidity issues with direct exposure to the situation in the east of the
country. The UX index slipped 0.9% to close at 1051 points. Alchevsk Steel
(ALMK) and DonbasEnergo (DOEN) lost 5.2% and 4.3% respectively with the latter
closing at UAH 22.10 per share. Raiffeisen Aval (BAVL) also retreated, declining
by 1.3% to 10 kopecks on the nose. Volume leaders UkrNafta (UNAF) and Motor Sich
(MSICH) each edged down by 0.7% on combined turnover of UAH 2.8mn. In London
trading, Ferrexpo (FXPO) edged up 0.4% to GBp 57.50 and JKX Oil&Gas (JKX)
slid 7.0% after the company reported a heavy net loss for FY14. Warsaw-listed
Kernel (KER) jumped by 8.2% to PLN 38.90 without an obvious trigger, while
Astarta (AST) advanced by 3.8% to PLN 23.50.
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