Ukrainian stocks
were mixed on Friday (Feb 14) despite clearly positive external sentiments after
Eurostat data showed that the Eurozone’s economy expanded by 0.5% YoY in 4Q13,
outperforming the consensus forecast of 0.4%. The UX index ended flat at 927
points. Motor Sich (MSICH UK) continued to rally, adding 1.7% and bringing its
local rise over the past 3 weeks to near 18%. This was offset in the benchmark
by declines of 3.2% in UkrSotsBank (USCB UK) and 2.0% in Azovstal (AZST UK).
Meanwhile, low-liquidity AvtoKraz (KRAZ UK) jumped by almost 10% after the
company reported a 30% YoY increase in its FY13 net profit to UAH 19.8mn.
London-traded Ukrainian agro names were also mixed, with Avandard (AVGR LI)
adding 0.4% and MHP (MHPC LI) edging down by 1.3%. In Warsaw, Astarta (AST PW)
rose by 1.7%, while in Frankfurt, TMM Real Estate slipped 3.2% to EUR 0.27.
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