Trade issues with Russia send Ukrainian stocks into a spin - Business - News - Ukraine Business Online:
"Trade relations with Russia appear headed into a period of chaos that could mean depressed stock values for a highly uncertain period.
Concorde Capital provides analysis of yesterday’s trading in its daily market comment”
“Ukrainian equities followed the Moscow and London markets in slumping on Thursday, August 15. In London, shares of iron ore miner Ferrexpo (FXPO LN) plunged 5.3% after Rio Tinto PLC announced plans for mass layoffs and metal prices were mixed in trading. Poultry producer MHP (MHPC LI) slid 2.9%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks fell 1.5%, with all the components being in the red on escalated trade restrictions from Russia. The two most traded stocks, electricity producer Donbasenergo (DOEN UK -2.2%) and engine maker Motor Sich (MSICH UK -2.3%), were also the biggest decliners locally. The Warsaw Stock Exchange was closed for the Holy Assumption holiday. We expect most Ukrainian stocks in Warsaw will perform negatively once trading begins today.”"
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