Ukrainian stocks moved firmly higher on Monday (Nov 25) amid ongoing
protests over the Yanukovych government’s apparent refusal to sign a free trade
deal with the European Union. The UX index added 1.8% to close at 939 points.
The gains were underpinned by hot issues Raiffeisen Aval (BAVL, +3.0%) and
DonbasEnergo (DOEN, +2.8%), which has seen speculation ramping up regarding its
FY13 dividend payout after three quarters of strong profits. UkrSotsBank (USCB)
also jumped by 4.0% to 19.40 kopecks ahead of today’s ex-rights date associated
with a special shareholder meeting scheduled for Dec 2. Avdyivka Coke (AVDK),
Azovstal (AZST), and CentrEnergo (CEEN) each posted rises in the range of 1.5%,
while Motor Sich (MSICH) had the smallest gain in the UX basket at 0.6%. In
second-tier names, Stirol (STIR), which has a special shareholder meeting set
for Thursday (Nov 28), gained 6.5% to reach the UAH 15 level.
full report
