On
Tuesday (May 6), Ukrainian stocks in Kyiv rebounded somewhat from their heavy
losses to start the week, as no particularly bad additional news arrived from
the hotspots of unrest in Donetsk oblast or Odessa. Externally, the main US and
European indices sold off by between half a percent and 1% on weakness in
technology stocks. The UX index added 1.3% to end at 1075 points. Monday’s
biggest losers saw the most notable gains, with UkrNafta and Alchevsk Steel both
up by 3.4%, and DonbasEnergo rising 2.4% to UAH 40.75. Motor Sich edged up 0.7%
on below-average turnover of UAH 350,000. Outside the UX basket, there was a
notable fall in Yasynivsky Coke, which slumped 16.8% to 57 kopecks after it was
reported that pro-Russian activists had attacked the Donetsk offices of the
company’s parent group in recent days. In London, where trading resumed after a
Monday holiday, Ferrexpo edged down half a percent and JKX Oil&Gas fell 1.6%
to near GBp 54.
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