Local Ukrainian equities were mixed on Wednsday (Apr 23), although
gainers managed to outpace losers on a relatively quiet day in terms of the
armed standoff in Donetsk oblast. Externally, the S&P 500 saw its 6-day
winning streak end with a mild correction, and Frankfurt’s DAX was also
moderately lower on profit-taking after a weeklong rally that took it higher by
some 6%. The UX index added 1.1% to end at 1142 points, while the hrvynia was
little-changed against the dollar, closing at 11.60 on the interbank exchange.
CentrEnergo and DonbasEnergo, both of which are expected to announce FY13
dividends at the end of this week, appreciated by 2.9% each, with the former
finishing at UAH 6.18, its highest hryvnia level in more than a year. UkrNafta
and Raiffeisen Aval picked up 2.0% and 1.5% respectively, while Motor Sich
declined by 0.6% to UAH 1799. Second-tier issue UkrTelecom lost 4.4% on
above-average turnover of UAH 350,000. In London, MHP continued to slide on
concerns about high leverage and the effects of devaluation, dropping another
3.5% to USD 11.40.
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