Kyiv-listed stocks were mixed in very light trading on Monday (Jan
25), with the Ukrainian exchange reporting only 49 total deals involving blue
chip issues. The main European bourses opened the week with some moderate
losses, but heavy selling resumed in the US, with the S&P 500 closing down
by 1.5%. In domestic political developments, it is now obvious that President
Poroshenko lacks the support in Parliament needed to pass a constitutional
amendment required by the Minsk peace agreement, and the changes will not be put
to a vote this week as previously planned. The UX index finished unchanged at
659 points. The most active issue, Motor Sich, lost 1.1% to UAH 1800 on turnover
of UAH 400,000, while CentrEnergo added 0.8% to UAH 4.49; together, the two
heavyweights account for 40% of the UX index basket. Raiffeisen Aval and
UkrNafta were both flat for the day, while sporadically-traded Yenakievo Steel
moved up by 4.0% to UAH 15.45 on a single deal. In London, Ferrexpo and JKX Oil
& Gas edged down by 1.5% and 0.9% respectively, with the latter ending at
GBp 26.25. Warsaw-listed Kernel (KER) gained 2.4% to PLN 42.80 while Astarta
(AST) declined 1.7% to PLN 28.82.
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