stocks finished higher last week as investors shrugged off a round of
anti-government demonstrations in the capital. Several thousand protesters from
diverse opposition groups ranging from reformist liberals to militant
nationalists rallied outside Parliament on Tuesday (Oct 17), with some
hard-liners calling for President Poroshenko to step down. Among the demands of
protest leaders are the abolition of single-mandate districts in national
parliamentary elections. Other frequently-heard demands are the establishment
of a court system focused exclusively on corruption cases court and the end of
MPs’ immunity from criminal prosecution.
The UX index
gained 1.3% to close at 1235 points. Low-liquidity UX index member DonbasEnergo
(DOEN) was the growth leader among blue chips for the second week in a row,
rising 3.2% to UAH 17.50. CentrEnergo (CEEN) advanced by 2.4% to UAH 11.16
while Motor Sich (MSICH) was unchanged at UAH 2945. Raiffeisen Bank Aval
(BAVL), which is the star performer this year, climbed 1.4% to 28.40 kopecks
ahead of the release of its 3Q financials.
trading, Ferrexpo (FXPO) fell 5.6% to GBp 273 and MHP (MHPC) was flat at UAH
11.20 after reporting a somewhat disappointing operational update for 3Q. On
the Warsaw Stock Exchange, top liquid name Kernel (KER) continued its downward
slide, losing another 0.5% to PLN 48.00; the issue was above PLN 80 early this
year. Lugansk-based crop grower Agroton (AGT) ended with a loss of 9.4% to PLN
4.05 after failing to break through the PLN 5 barrier.
On the currency market, the hryvnia saw
light fluctuations against the dollar, trading in a range of 26.40-26.60
UAH/USD during the week.
POLITICS AND ECONOMICS
Poroshenko Faces Down
Biggest Protests Since EuroMaidan
STOCKS IN THE NEWS
Blames 3Q17 13% YoY Sales Drop on Low Inventoriesfull report
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