Kyiv-listed
equities were firmly higher on Tuesday (Mar 18), finally rebounding from a long
run of declines on worries about Ukraine’s territorial integrity after Russia’s
Vladimir Putin calmed global markets by essentially asserting that Crimea is a
special case and that Russia does not have further designs to annex Ukraine’s
eastern provinces. Meanwhile, New York’s S&P 500 remained near a record high
as investors await the latest Federal Reserve decision on a reduction in the
central bank’s monetary stimulus program. The UX index added 2.4% to close at
1018 points. Top liquid issue Motor Sich led the rally, jumping 4.5% to UAH
1782, and UkrNafta and Raiffeisen Aval were up by 4.3% and 3.3% respectively.
The main London-listed issues performed well for a second straight day, with
Ferrexpo and MHP up by more than 3% each; the former closed at GBp 147.50.
Astarta and Kernel which traded in Warsaw both demonstrated a solid rise, adding
6.5% and 5.3% respectively.
full report
