Kyiv-listed stocks gained on Thursday (Jan 21) after news that IMF
chief Christine Lagarde expressed a favorable view about the prospects for
disbursing Ukraine’s latest IMF loan tranche. The UX index rose 1.0% to close at
656 points. All 10 index components finished in the black. Raiffaisen Aval
(BAVL) was the top performer, advancing 5.6% to 7.58 kopecks on a single trade.
In the electricity sector, CentrEnergo (CEEN) and DonbasEnergo (DOEN) added 1.7%
and 2.5% respectively. On the interbank currency market, the hryvnia remained
vulnerable, slipping 0.8% against the dollar to close at bid/ask of 24.65/24.80
UAH/USD. The NBU did not intervene in the market to support the currency. In
London trading, Ferrexpo (FXPO) was lower by 4.4%, ending at GBp 16.25, and MHP
(MHPC) slumped 3.8% back down to USD 7.55 after its recovery earlier this week.
Warsaw-listed Kernel (KER) shed 2.4%, approaching the PLN 40 support level,
while Astarta (AST) climbed 3.3% to PLN 31.00 after new more favorable MinAgro
forecast for 2016 sugar prices.
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