Kyiv-listed
stocks made it 5-for-5 losing sessions last week with another drop on Friday
amid an overall lack of interest in domestic equities. The UX index shed 1.1% to
close at 950 points, bringing its loss to 3.8% for the week. CentrEnergo (CEEN)
dipped below the UAH 7 level for the first time since February on a 1.9%
decline, and UkrNafta (UNAF) slid 3.1% to UAH 260 amid a lack of confidence that
new CEO Mark Rollins will help to improve the company’s transparency. Top liquid
issue Motor Sich (MSICH) was essentially unchanged near UAH 2620 on turnover of
UAH 460,000. On the interbank currency market, the hryvnia lost 1.4% to close at
bid/ask of 21.85/22.00 UAH/USD. News that the NBU declared Finance&Credit
Bank insolvent hammered London-listed Ferrexpo (FXPO), which plummeted by an
unprecedented 32% to just above GBp 40; the company is likely lose deposits of
USD 174mn which it was holding in the related-party institution. Warsaw-listed
Ukrainian stocks ended mixed, with Astarta (AST) gaining 3.0% to PLN 27.30 while
Agroton (AGT) fell 1.8%
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