The Ukrainian
stocks listed in Kyiv started the new week on a minor note, with the UX index
edging down 0.5% on Monday (Sept 21) and closing at 9-month minimum of 945
points. Among major news for the day, new tensions were sparked between Kyiv and
Moscow over Crimea after a group of Ukrainian far-right radicals blocked the two
main roads connecting Ukraine to the Crimean Peninsula. Members of the Right
Sector movement and ethnic nationalist Tartars built blockades out of cement
bricks and are threatening to bar any goods or food supplies from entering the
Russian-annexed province. Although UX blue chips have no exposure to Crimea, the
general sentiments on the market were negative. UkrNafta (UNAF) lost 2.5% to
finish at UAH 254 and CentrEnergo (CEEN) shed 0.7% to UAH 6.87, while Raiffeisen
Aval (BAVL) declined by 1.9% to close at 8.40 kopecks. On the interbank currency
market, the hryvnia recovered 1.0% against the dollar to close at bid/ask of
21.65/21.80 UAH/USD. In London trading, Ferrexpo (FXPO) continued to bleed,
free-falling another 22% as a result of the crash of a large related-party bank.
The stock closed at another 6-year low of GBp 31.25. Meanwhile, MHP (MHPC) rose
5.7% to USD 9.85 and Warsaw-listed Astarta (AST) climbed 2.4% to PLN
28.00.
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Please contact our office in Kyiv at 380-44-590-5454, or
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