Ukrainian equity markets ended in a real slump on Thursday (Mar. 10). The UX exchange lost 2.27%, with total equity trading volume coming in at UAH 180 mln. Steel makers were knocked over for a second straight session: ALMK -4.56%, ENMZ -3.68%, AZST -2.85%. Whopping drops were also recorded for banks (BAVL -3.41%, USCB -2.93%) and Motor Sich (MSICH -3.37%). Ukrtelecom (UTLM -2.44%), GenCos (ZAEN -2.9%, CEEN -2.14%) and coke producers (YASK -2.03%, AVDK -1.95%) traded up a notch in comparison, but still closed deep in the red. Ukrnafta (UNAF -0.94%) suffered the least damage on the day.
The downturn continued for Ukrainian companies listed on international markets. In London, Cadogan Petroleum (CAD LN -5.46%) and JKX Oil & Gas (JKX LN -1.57%) suffered further price slashes, while Regal Petroleum (RPT LN) closed flat. Ferrexpo (FXPO LN -2.77%) took another blow, and MHP (MHPC LI -0.46%) dipped below the flat line. In Warsaw, Astarta (AST PW -10.41%) plummeted on news that Chairman Valery Korotkov’s holding had sold 1.5 mln shares, lowering its stake to 26%. Agroton (AGT PW -1.84%) and Kernel (KER PW -0.49%) ended trading slightly tarnished.
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