Kyiv-listed stocks were mixed on Tuesday (Apr 7) against a backdrop
of positive local sentiment after the NBU reported a USD 4.3bn increase in
foreign reserves to USD 9.97bn in March. The reserves rose due to receipt of USD
5.0bn as part of Ukraine’s new IMF program. The UX index inched up 0.1% to end
at 1038 points. Raiffeisen Aval (BAVL) was the growth leader among blue chips,
adding 2.2% to 9.70 kopecks per share. In the steel sector, Azovstal (AZST)
climbed by 0.8% while low-liquidity Yenakievo Steel (ENMZ) lost 5.7% to close at
UAH 17.30. UkrNafta (UNAF) fell by 1.7%, dipping back below the UAH 300 level.
In second-division stocks, UkrTelecom (UTLM) surged by 18.2% from its previous
listed price to just below 20 kopecks. In London trading, Ukrainian names were
generally higher, with Ferrexpo (FXPO) picking up 3.6% and MHP (MHPC) adding
2.9% to USD 10.50. Warsaw-listed Kernel (KER) retreated by 2.9% to PLN
38.00.
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