Most Ukrainian
blue chips moved higher on Friday (Jan 10), regaining much of the territory lost
in Thursday’s session. Externally, markets were largely untroubled by a
surprisingly sluggish US jobs report for December, with investors assuming that
the data could strengthen the case for continued central bank stimulus measures.
The UX index added a robust 1.8%, closing at 896 points. Top liquid issue Motor
Sich led the rally, pushing to its best level since August with a 3.5% gain on
turnover of UAH 4.4mn, and Raiffeisen Aval rose by the same increment in erasing
most of its Thursday decline to finish just above the 11 kopeck level. Alchevsk
Steel and CentrEnergo saw more moderate pickups of 1.1% and 1.7%, while
Metinvest-controlled Avdyivka Coke and Azovstal both ended marginally in the
red. Outside the UX basket, Stirol was the most active name, sliding 3.8% to
UAH 12.02.
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