Ukraine’s stock
market came under pressure again on Monday (Sept 28), this time from negative
sentiments on global bourses. Over the weekend IMF chief Christine Lagarde said
the IMF will lower its estimate for global economic growth due to slower
expansions in emerging economies. The UX index slid 2.9% to close at 858 points.
UkrNafta (UNAF) was the only index component to end in the black, rising 1.3% to
UAH 244. On the downside, Motor Sich (MSICH) took a 4.1% hit to close at UAH
2415 and CentrEnergo (CEEN) gave up 3.7%, finishing at UAH 5.35. Raiffeisen Aval
(BAVL) lost 5.3% despite the EBRD being in the process of acquiring a 35% stake
in the bank via a capital injection. In London, beaten-down Regal Petroleum
advanced 4.9% to GBp 3.96 after the company posted its 1H15 financials. Ferrexpo
(FXPO) opened the week by sliding 5.6% to GBp 33.75. Warsaw-listed Astarta (AST)
climbed 3.7% while Kernel (KER) retreated 1.6% from its 2-year high to close at
PLN 45.00.
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