Locally-listed Ukrainian stocks were mixed on Wednesday (Jul 29).
Gains at the beginning of the day were offset by a fall in the last hour of
trading despite a confirmation from the IMF just before the close that a USD
1.7bn loan tranche is on the way. The UX index ticked down by a tenth of a
percent to end at 975 points. The best performer was beaten-down Avdyivka Coke
(AVDK), which gained 4.3% to continue its recovery after Monday’s plunge.
UkrNafta also added 2.4% to UAH 289 after solid financials for 1H15 released
earlier this week. On the downside, Azovstal (AZST) was the biggest decliner,
dropping 3.1% after its disappointing 2Q15 net loss following four profit-making
quarters. In the electricity sector, CentrEnergo (CEEN) edged up by 0.4% while
DonbasEnergo slipped 0.5%. In London, JKX (JKX) slumped 18% to below GBp 16 as
investors reacted to its loss-making results for 1H15, while Ferrexpo (FXPO)
rose 1.7% despite a poor outlook for iron ore prices in 2H15. In Warsaw, Kernel
(KER) improved by 1.4% and Astarta (AST) added 3.6% to near PLN 34.
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