Locally-listed
Ukrainian equities saw substantial losses on Wednesday (Jan 27) amid a tough
week for the Minsk peace process; the OSCE reported that it saw truce breaches
along the Donbass front line and said there had been no progress in the prisoner
swap. President Poroshenko also made gloomy comments that Russian aggression
would remain Ukraine’s main military threat in the long-term historical
perspective. The UX index lost 2.1% to close at 638 points, a new nominal
minimum for the gauge since the crisis of 2009, but in fact we can say that this
represents a fresh all-time minimum for the UX index. There were 7 decliners
among 10 index components. Raiffeisen Aval (BAVL) fell 1.5%, dropping below the
7 kopecks mark for the first time ever. Motor Sich (MSICH) declined by 1.3% to
UAH 1777 per share while UkrNafta (UNAF) edged up 0.6% to UAH 161. On the
interbank currency market, the hryvnia was essentially unchanged at bid/ask of
24.82/24.92 UAH/USD. In London trading, Ferrexpo (FXPO) rebounded by 11.1% to
GBp 17.50 and MHP (MHPC) picked up 1.1% to USD 8.00. Warsaw-listed Kernel (KER)
and Astarta (AST) rose by 0.9% and 1.7%, with the latter ending at PLN
29.15.
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