Ukrainian stocks were down across the board on Tuesday (Mar 24) on
political uncertainty about whether the presidential election scheduled for two
months from today can be held on time in the current security crisis
environment. Meanwhile, European shares rebounded sharply from Monday’s losses
and US equities also edged back toward record-high territory on positive
consumer confidence numbers. The UX index lost 2.1% to end at 1013 points.
Volume leaders CentrEnergo and DonbasEnergo declined by 2.5% each on combined
turnover of UAH 6.6mn, and Motor Sich ended down 2.7% at UAH 1720. All 10 local
blue chips finished in the red, and outside the UX basket, Krukiv Wagon sold off
by 9.7% after announcing its net profit for FY13. The UX’s only notable gainer
for the day was Metinvest-controlled iron ore miner Centralny GOK, which picked
up 3.5%. In London, Avangard continued to show volatility, jumping 9.3% to near
USD 10, while JKX Oil&Gas edged down by 1.3% to close at GBp 57.75.
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