Ukrainian equities finished generally lower on Monday (Apr 28)
despite a batch of positive corporate reports for 1Q14. In particular, blue chip
heavyweight Motor Sich announced a 50% YoY rise in its net profit and oil major
UkrNafta posted 35% increase in its bottom line. Quotes for Motor Sich climbed
by 0.5% while those for UkrNafta inched down by 0.4%. CentrEnergo corrected by
3.7% after the ex-rights date for its FY13 dividend of 39.60 kopecks expired on
Friday (Apr 25). The UX index inched down by 0.2%, ending at 1122 points.
However, UX futures contracts with expiration in mid-June gained 1.7%, trimming
their negative spread to the basic index to 28 points. Among Ukrainian names
traded abroad, London-listed MHP rose by 2.1%, while Warsaw-listed agro names
Milkiland and Agroton added 3.5% and 2.8% respectively.
full report
