Astarta’s strong seasonal development appears blunted by state tax-evasion claims
KYIV, Sep 8, 2017 – As expected, the search of some Astarta offices by state tax authorities became the major market mover on an otherwise unremarkable trading day on Thursday. Concorde Capital provided the following market comment: The WIG Ukraine Index of Warsaw-traded stocks was dragged down by Astarta (AST PW) in trading on Thursday, Sept. 7. The Index declined 2.2%, weighed by a 4.3% drop in the sugar producer’s stock price as investors reacted to state investigators searching their offices on Sept. 6. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) was unchanged. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks improved 0.5%, or 0.7% in two sessions. ### For charts of last session top-3 map, last session performance and more, link below: www.concorde.ua
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