Ukrainian equity markets continued volatile trading on Wednesday (Feb. 9). The UX exchange ended the day with a 0.2% advance. Total trading volume on the equity market climbed to UAH 214 mln. Ukrnafta (UNAF +2.72%) made the most significant contribution to index growth for a second straight day. Banking names stayed close to the leader: Ukrsotsbank (USCB +0.83%) slowed its pace compared to yesterday’s results, while Raiffeisen Bank Aval (BAVL +1.72%) continued to surge. Ukrtelecom (UTLM +0.33%), the only other liquid paper to end in positive territory, reversed to gains. Loss leaders included Enakievo Steel (ENMZ -1.87%) and Zakhidenergo (ZAEN -1.35%). Other blue chips closed with losses under one percent.
In London, Cadogan Petroleum (CAD LN +2.99%) took an impressive step up, recovering from the previous session’s correction. Regal Petroleum (RPT LN +2.03%) posted a solid rise, while JKX Oil & Gas (JKX LN -1.56%) slid. Ferrexpo (FXPO LN -1.64%) took a significant hit, and MHP (MHPC LI) ended the day flat. In Warsaw, Kernel (KER PW +0.94%) tacked on a meager gain, Agroton (AGT PW -0.24%) shed, and Astarta (AST PW -6.67%) crumbled.
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