The Index Committee of the Ukrainian Exchange (UX) decided to include Kernel (ticker KER) and Krukiv Wagon Works (KVBZ) shares in the index basket, which was recently deprived of Ukrnafta and Motor Sich because of their alienation by the government.
According to the decision, they will be included in the index from December 16.
Kernel shares were added to the waiting list a year ago. The main trading floor for them is the Warsaw Stock Exchange.
“Ukrnafta had 22.85% in the index basket, while Motor Sich had 33.06%.
After this withdrawal only five securities remained in the UX index basket: MHP with a weight of 26.29%, Centrenergo with 9.57%, Raiffeisen Bank with 6.45%, Ukrenergomashiny (formerly Turboatom) with 0.89%, and Donbasenergo with 0.88%.
“Ukrainian Exchange” was founded on May 15, 2008 by the leading participants of the Ukrainian securities market together with the Russian stock exchange RTS, which later merged with the “Moscow Exchange”. UB was the first to launch an order market, Internet trading, repo market, central counterparty settlement and futures market. However, in mid-July 2018, the exchange suspended trading in all securities in a no-address order mode due to a ban on the use of Moscow Exchange software in its operations.
In March 2019, UB announced that it would resume trading in the bid market on a new platform.
Currently, the exchange is among the three largest securities traders on the Ukrainian market.
