Kyiv-listed stocks ended mostly lower on Monday (Jul 20) as they
started the new week amid a lack of fresh growth drivers. The UX index edged
down 0.3% to close at 979 points. UkrNafta (UNAF) shed 0.6% to UAH 292 per
share. In news relating to the UNAF stock, Naftogaz acknowledged that UkrNafta’s
minority shareholders have appealed to the London Court of International
Arbitration demanding compensation from Naftogaz for natural gas supplied by
UkrNafta during 2006-2011. In the electricity sector, CentrEnergo (CEEN) and
DonbasEnergo (DOEN) declined by 0.8% and 0.3% respectively. On the upside,
Yenakievo Steel (ENMZ) leapt 10.6% to UAH 17.95. Motor Sich (MSICH) was
unchanged at UAH 2622. In second-tier names, Metinvest’s iron ore producer
Pivnichny GOK (SGOK) moved down 1.8% to UAH 6.70. In London, Ferrexpo (FXPO)
slipped below GBp 57 on a 2.6% drop, while Kernel (KER) added 2.8% to PLN 41.00
in Warsaw after the company reported its operating update for the Apr-Jun
quarter.
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