By KYIV. Nov 9 (Interfax-Ukraine) – The Index Committee of the Ukrainian Exchange (UX) on Tuesday evening decided to remove the shares of Ukrnafta and Motor Sich, which on November 6 were alienated by the decision of the Staff of the Supreme Commander-in-Chief in favor of the state, from the index basket.
"UNAF and MSICH have been removed from the Ukrainian equity index basket," the stock exchange said in a Facebook post on Wednesday night.
UX Development Director Oleksiy Sukhorukov said that after the alienation, the free float (share in free float) of these shares became equal to zero.
Nevertheless, despite the alienation of all shares on November 6, on November 7 and November 8, there was an application for the purchase of Ukrnafta shares on the stock exchange and their price rose to UAH 330.70 per share, although on the eve of the alienation, the shares were quoted at UAH 229.69 per share, which corresponded to a capitalization of about UAH 12.5 billion.
Ukrnafta in the index basket had the weight of 22.85%, 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%, Ukrenergymachines (formerly Turboatom) with 0.89%, and Donbasenergo with 0.88%.
