Kyiv-listed Ukrainian stocks were mixed in Tuesday (Aug 4) trading,
with the UX index edging down by 0.4% to close at 969 points, while the main
bourses in both Europe and the US were in a sluggish summer pattern that saw
little movement in their indices. The day’s international business headlines
were dominated by the renewed slump in oil prices, with Brent sliding back below
USD 50 per barrel ahead of the approaching US low season for refining. Local oil
blue chip UkrNafta sold off substantially on the bearish pricing news, losing
5.0% to UAH 270. Also in the loss column were electricity generators CentrEnergo
and DonbasEnergo, which shed 0.5% and 1.0% respectively. On the upside, Alchevsk
Steel gained 4.8% on speculation about a restart of the company’s operations on
separatist-occupied territory, and heavyweight Motor Sich added 0.9% on turnover
of UAH 1.05mn. In Warsaw, Kernel retreated by 1.0% to PLN 43.20 and Industrial
Milk Company was little-changed near PLN 5.40.
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