The UX index rose
for the fourth trading session in a row on Wednesday (Nov 25), gaining 2.2% to
close at 739 points despite geopolitical nervousness following Turkey’s
shootdown of a Russian military plane that had entered its airspace. The steel
sector stocks were growth leaders as market players started to cover their short
positions. Azovstal (AZST) advanced by 8.0% to 47 kopecks and Yenakievo Steel
(ENMZ) added 7.2% to UAH 17.30. CentrEnergo (CEEN) demonstrated only a marginal
increase of 0.1% as the country faced new problems with coal deliveries from the
pro-Russian separatist-occupied territories. On the currency front, the hryvnia
gained 0.4% to close at bid/ask of 23.70/23.80 UAH/USD on the interbank market.
London-listed Ferrexpo (FXPO) gained 1.9% to finish at GBp 27.50 and MHP (MHPC)
fell 6.5% to USD 9.50. In Warsaw, Kernel (KER) dropped by 3.3% to PLN 46.00
after the company reported its latest quarterly financials.
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