Kyiv-listed stocks finished mixed on Thursday (Jun 18), as several
actively traded names lost their intraday gains in the last hour of the session.
The UX index closed unchanged at 1024 points. UkrNafta (UNAF) rose by 2.5% to
UAH 288 per share on news that a search for the company’s new CEO has begun. In
the steel sector, low-liquidity Yenakievo Steel (ENMZ) jumped 8.6% to UAH 18.35
on short-covering trades. Meanwhile, heavyweights Motor Sich (MSICH) and
Raiffeisen Aval (BAVL) retreated by 0.9% and 1.3% respectively. In second-tier
issues, UkrSotsBank (USCB) slumped 8.1% to a new all-time low of 8 kopecks, as
parent UniCredit announced a charter fund increase that will further dilute the
stock’s free-float. In London trading, Ferrexpo (FXPO) lost 5.1% to close at GBp
65.75, with investors ignoring positive news that the company managed to
restructure its Eurobonds due in 2016. Avangard (AVGR) dropped by 3.3% to USD
1.45, which is a new historical low for the stock. Warsaw-listed Kernel (KER)
corrected 1.2% after it failed to broach the PLN 40 level.
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