Locally-listed
Ukrainian stocks finished marginally higher on Thursday (Sept 10) as a rather
dubious statement from the National Bank that the next IMF loan tranche is
expected to arrive in October nonetheless provided some optimism to market
players. The UX index inched up 0.2% to 992 points. Most blue chips were
inactive, with both Motor Sich (MSICH) and CentrEnergo (CEEN) ending essentially
unchanged. Low-liquidity steel related stocks continued to rise. Alchevsk Steel
(ALMK) and Avdyivka Coke (AVDK) picked up 1.4% and 1.1% respectively. On the
interbank currency market the hryvnia gained 2.2% against the dollar to close at
bid/ask of 21.50/21.65 UAH/USD. London-listed iron ore miner Ferrexpo (FXPO)
slid 5.0% to GBp 57.50 amid an overall correction on European bourses. In Warsaw
trading, Kernel (KER) slipped 1.2% to PLN 43.30 and Astarta (AST) shed 2.1% to
PLN 28.50.
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