Locally-listed Ukrainian stocks extended their losing streak to 7
straight sessions amid ongoing political tensions over President Yanukovych’s
decision last week to turn his back on the European Union’s offer of a free
trade deal. The UX index declined by 0.7% to close at 872 points, and is now
down by 7.5% since peaking at 939 points on Nov 25. UkrNafta (UNAF) had the
largest loss among blue chips, dropping 2.5% to UAH 105, and volume leader Motor
Sich (MSICH) shed 1.1% on turnover of UAH 1.7mn. Alchevsk Steel (ALMK) and
Avdyivka Coke (AVDK) fell by 1.0% each, with the latter ending at UAH 3.05.
Azovstal (AZST) managed a gain of 0.7% and Raiffeisen Aval (BAVL) was unchanged
near 11.50 kopecks. In London, Ferrexpo (FXPO LN) saw a slight rebound after 3
sessions of political-risk-related losses, adding 1.3%, while in Warsaw, Ovostar
(OVO PW) slid 2.3% to a closing price of PLN 87.
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