Ukrainian stocks
listed in Kyiv ended lower on Wednesday (Aug 19) amid a general decline on
European bourses. Among encouraging news was information that President
Poroshenko set to meet with German Chancellor Merkel and French President
Hollande on Monday (Aug 24) in Brussels. The UX index retreated by 0.8% to close
at 976 points. Raiffeisen Aval (BAVL) lost 1.5% despite its parent Raiffeisen
Bank International reporting that its Ukrainian business was back in the black
on trading gains after five straight quarterly losses. UkrNafta (UNAF) gave up
3.0% to close at UAH 258 per share amid falling oil prices. Meanwhile, Motor
Sich (MSICH), which has seen its formerly strong liquidity largely evaporate
this year, inched up 0.1% to UAH 2678. On the interbank currency market, bid/ask
quotes for the dollar closed at 22.15/22.25 UAH/USD. In London, Ferrexpo (FXPO)
and MHP (MHPC) gained 0.4% and 2.2% respectively, with the latter finishing at
USD 9.40. Warsaw-listed Astarta (AST) edged down 0.5% to close at PLN 34.30
after the company reported its 2Q15 financial results.
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