The
UX index sold off heavily into new all-time low territory (the index’s history
began in March 2009) on Monday (Dec 14), sliding 2.4% to end at 677 points one
day prior to the expiration of the domestic futures contracts, an event that
occurs every three months. Raiffeisen Aval (BAVL) was the only stock among 10
blue chips to end in the black, picking up 2.5%. On the downside, Motor Sich
(MSICH) shed 1.2% to UAH 1957 per share, while in the steel sector, Yenakievo
Steel (ENMZ) slumped 9.3% to UAH 14.50 and Azovstal (AZST) fell 3.0% to 38.30
kopecks. On the interbank currency market, the hryvnia inched up by 0.2% against
the dollar to close at bid/ask of 23.60/23.80 UAH/USD. In London trading,
Ferrexpo (FXPO) resumed its bleeding after a 1-day pause, tumbling 7.8% to close
at GBp 20.75, and Regal Petroleum (RPT) declined by 7.9% to GBp 3.48.
Warsaw-listed Kernel (KER) added 0.5% to PLN 43.20 while Astarta (AST) took a
4.6% hit, ending at PLN 31.00.
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