Ukrainian stocks were higher on Thursday (Dec 3) on thin turnover,
with no grounds to assume that the persistent downward trend is reversing amid
rising doubts about the Ukrainian government’s commitment to the country’s IMF
loan program. The UX index rose 0.9% to close at 711 points. UkrNafta (UNAF) and
Azovstal (AZST) added most points to the benchmark, with both advancing by
around 4.5%, while Avdyivka Coke (AVDK) edged down 0.6% to UAH 1.07 per share.
On the interbank currency market, the hryvnia had a firm gain of 1.1% against
the dollar to close at 23.05/23.20 UAH/USD. In London trading, Avangard (AVGR)
jumped 8.9% to USD 1.59 and MHP (MHPC) edged up 0.4% to close at USD 9.60.
Warsaw-listed Ukrainian agro issues finished mixed, with Astarta (AST)
appreciating by 2.8% to PLN 34.95 while Kernel (KER) slipped 2.2% to PLN 48.60
after the disclosure that one of the company’s managers unloaded 360,000 shares
at an average price of PLN 48.30. Lugansk-based Agroton (AGT) moved down by 1.3%
to PLN 1.03.
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