Local Ukrainian
stocks were down across the board on Tuesday (Dec 3), although more due to
negative external sentiments than to the current domestic political upheaval, as
tension appeared to ease slightly after the Azarov government survived a
no-confidence vote in Parliament. Germany’s DAX lost nearly 2% and US and Asian
indices also retreated as traders began to fear the possibility of a strong US
jobs report this Friday, which could lead to an earlier-than-expected reduction
in Federal Reserve monetary stimulus. The UX index ended at 888 points, a
decline of 1.6%. Top liquid issues Motor Sich and Raiffeisen Aval weighed down
the market for a second straight day, dropping by 1.8% and 3.5% to UAH 1548 and
11.43 kopecks, respectively, and Avdyivka Coke shed 2.1%. Outside the UX basket,
mining stock Pivnichniy GOK slid 4.4%, while in London, MHP gave up 1.4% to
finish at USD 16.55.
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