Kyiv-listed stocks fell on Tuesday (Aug 25) at the opening after the
long Independence Day weekend, as local investors finally reacted to the turmoil
on global stock markets that saw Germany’s DAX lose 8% in the previous two
sessions. The UX index fell 1.5% to close at 962 points, the lowest level in 4
weeks. All 10 index components finished in the red, with sporadically-traded
Alchevsk Steel (ALMK) the worst performer on a 3.8% drop. UkrNafta (UNAF), which
was hammered last week by the new wave of declining oil prices, edged down 0.5%
to close at UAH 251 per share, and Motor Sich (MSICH) slipped 1.4% to UAH 2608.
On the interbank currency market the hryvnia weakened by 1.8%, closing at
bid/ask of 22.55/22.65 UAH/USD. In London, Ferrexpo (FXPO) saw a moderate
decline after Monday’s big 10% slump, retreating by 0.5% to GBp 57.25.
Warsaw-listed Ukrainian stocks were mixed after their sharp fall on Monday.
Kernel (KER) shed 1.9% to PLN 38.75 while Astarta (AST) rebounded by 5.6% to
PLN 30.50.
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