Ukrainian equity markets started the week in a bearish mood on Monday (Nov 8) pulling back from last week’s rally. The UX exchange plunged 3.10% on a high trading volume of UAH 193 mln. Metals and mining stocks (AVDK -0.74%, AZST -2.90%, ENMZ -4.02%) and GenCos (CEEN -3.41%) traded lower, led by Alchevsk Steel (ALMK -7.63%) and Zakhidenergo (ZAEN -8.5%). Ukrtelecom (UTLM -3.8%) also was among the biggest laggards, the trend was also followed by banks (BAVL -4.03%, USCB -2.8%), Motor Sich (MSICH -1.23%) and Ukrnafta (UNAF -1.96%).
Among Ukrainian stocks listed on international markets Regal Petroleum (RPT LN) was the hardest hit , losing 6.56%. Cadogan Petroleum (CAD LN) and JKX Oil & Gas (JKX LN) posted strong gains of 1.28% and 4.84% respectively. Ferrexpo (FXPO LN +1.01%) closed firmer while food processing stocks showed mixed dynamics: MHPC LI -0.13%, AST PW -0.06%, KER PW +0.91%.
Agroton (AGT PW) shares started trading yesterday on Warsaw Stock Exchange. The company completed IPO of 26.2% stake last month.
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