Most local
Ukrainian blue chips were lower in the first trading session of 2014 on
Wednesday (Jan 8), following the general early-year trend seen in the main
global bourses (which reopened on Jan 2), as investors have appeared rather
cautious about buying in the wake of 2013’s huge gains. The UX index ended the
day down 1.0% at 901 points. Volume leader CentrEnergo (CEEN) was the biggest
decliner, sliding 2.5% to UAH 4.65, and Raiffeisen Aval (BAVL) and UkrNafta
(UNAF) lost 2.3% and 1.5% respectively. Motor Sich (MSICH) continued its strong
form from December, adding 0.7% to UAH 1830. In London, the two most active
Ukrainian issues have been moving in opposite directions since the start of the
year, with Ferrexpo (FXPO) dropping by 4.6% since Jan 2, while MHP (MHPC) has
risen 5.7%, closing yesterday at USD 18.15.
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