Kyiv-listed stocks finished mixed on Friday (Oct 23), with investors ignoring President Poroshenko’s statement that Ukraine will begin serious reforms immediately after the municipal elections that took place over this weekend. The UX index ended unchanged at 777 points, although most blue chips ended in the red. Index heavyweights Motor Sich (MSICH) and CentrEnergo (CEEN) rose 0.4% and 2.0% respectively to hold up the benchmark. In the steel sector, Azovstal (AZST) shed 1.9% and Avdyivka Coke (AVDK) slipped 1.1% to UAH 1.00 per share. UkrNafta (UNAF) lost 1.7% to close at UAH 203 on reports that the state tax service is trying to freeze the company’s assets due to the company’s refusal to pay oil&gas production taxes since August 2014. On the currency front, the hryvnia weakened by 2.7% on the interbank market to 23.00 UAH/USD, largely reflecting the dollar’s gains against other global currencies. In London trading, Ferrexpo (FXPO) slipped 0.7% to GBp 36.75 while beaten-down Avangard (AVGR) advanced 8.9% to USD 1.10. Warsaw-listed Kernel (KER) gained 2.2% to end at PLN 52.50 and Astarta (AST) picked up 3.0% to PLN 32.15.
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