Kyiv-listed
stocks rose moderately on Thursday (Sept 3) amid a dry local news flow. The UX
index added 0.4% to end at 978 points. UkrNafta (UNAF) led the growth, gaining
1.4% to UAH 265 per share. We assume the stock has some upward momentum after it
rebounded from a strong support level of UAH 250 last week. In the financial
sector, Raiffeisen Aval (BAVL) climbed 0.8%, remaining in the same range in
which its has been for the last couple of weeks. On the interbank currency
market, the hryvnia closed little-changed at bid/ask of 22.00/22.10 UAH/USD. In
London trading, Ferrexpo (FXPO) advanced by 6.4% to GBp 62.75 and MHP (MHPC)
edged up 0.5% to USD 9.10. Warsaw-listed Ukrainian stocks were mixed, with
Astarta (AST) slipping 1.2% while Kernel (KER) gained 2.0% to PLN 42.90.
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