The UX index declined by 3.8% last week to close at 623 points,
weighed down by a sharp drop in CentrEnergo (CEEN), while slumped 8.0% to UAH
6.35 after news that the State Property Fund will delay privatization of the
government-held 78% stake in the company until at least next year. The SPF had
previously announced that CentrEnergo’s privatization plan foresaw a scheduled
auction in December 2016. Among other notable losers, UkrNafta (UNAF) slid 5.6%
to UAH 91, as the company has a UAH 10.2bn tax production debt hanging over its
head. Raiffeisen Aval (BAVL) was less affected by the downward move in other
blue chips, edging lower by 3.2% to 7.69 kopecks.
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