The
Ukrainian stock market demonstrated a slight increase on Wednesday (Sept 2),
with the UX index up by 0.3% to close at 975 points. The majority of blue chips
closed in positive territory; the only exception was Krukiv Wagon, which
declined by 2.9%. Alchevsk Steel finished unchanged at 1.30 kopecks despite the
news that the company is gradually expanding its production following its
resumption of operations in June. Volume leader UkrNafta was also the day’s best
performer, moving up by 1.5% and disregarding the negative sentiment from
downward dynamics in global oil prices and ongoing disputes regarding a huge
dividend payout owed to the state. Index heavyweights CentrEnergo and Motor Sich
inched up by 0.2% and 0.05%, respectively. Meanwhile, the market reacted to news
about an additional share issue of Raiffeisen Aval with an increase by 1.1% in
the bank’s share price.
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