Kyiv-listed stocks were lower across the board on Friday (Nov 29),
finishing at their session lows as news filtered through that President
Yanukovych had indeed refused the EU’s offer of a free trade deal at a summit in
Lithuania. The UX index slid 1.3% to close at 906 points, with all 10 blue chips
finishing in the red. UkrSotsBank (USCB) lost 2.5% to 17.18 kopecks, while
Raiffeisen Aval (BAVL) and CentrEnergo (CEEN) were down by 2.1% each.
DonbasEnergo (DOEN) led on volume with UAH 1.0mn in turnover and declined by
1.9%; Azovstal (AZST) was the best UX basket performer, edging lower by 0.4%.
Among second-tier names, Stakhanov Wagon (SVGZ) fell 1.5% to UAH 1.28. In
London, Avangard (AVGR LI) and JKX Oil&Gas (JKX LN) both shed 2.4%, while in
Warsaw, Sadovaya Group (SGR PW) plummeted 12.8% to an all-time low of PLN 0.68
after reporting a USD 18mn third-quarter loss.
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