Ukrainian equities ended lower on Thursday (Dec 19), with the local
market failing to get a bounce from the preceding day’s strong rally on Wall
Street after the Federal Reserve left USD 75bn in monthly monetary stimulus
intact for the US economy heading into 2014. In contrast to the DAX and the
FTSE, which both latched onto the Fed’s coattails by adding about 1.5% each on
Thursday, the UX index ended down 0.7% at 910 points. The drop would have been
substantially larger if not for Motor Sich, which advanced solidly for a second
day on the Russian bailout deal, picking up 2.0% to UAH 1700 on the nose. Most
other blue chips essentially gave back all their gains from Wednesday, with
Raiffeisen Aval and Azovstal falling 2.1% and 1.7% respectively on combined
turnover of UAH 1.4mn. In London, MHP jumped by 3.3% to reclaim the USD 17
level, while in Warsaw, Ovostar added 4.7% to PLN 89.
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