Ukraine’s local equity market saw few notable changes on Friday (Aug
7), or for that matter, during the opening week of August, with trading stuck in
a very slow summer pattern. European bourses were also not very active, while
the main US indices edged lower on impending expectations of a Federal Reserve
interest rate hike. The UX index ticked down by a tenth of a percent to end at
964 points. CentrEnergo continued what has been a slow but steady drop, shedding
another 0.7% to UAH 7.33, while Alchevsk Steel gave up some of its recent
appreciation with a 3.8% loss. Volume leader Motor Sich managed a 0.4% gain to
UAH 2650 on turnover of UAH 1.3mn and UkrNafta was flat at UAH 270. In London,
MHP slid to its lowest level since early in 2015, falling 2.0% to USD 9.40.
Warsaw-listed Ukrainian issues finished broadly lower with Agroton (AGT) and
Astrata (AST) losing 0.8% and 1.6% respectively. Kernel (KER) edged down 1.2% to
close at PLN 44.25.
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