Wednesday (May
21) was another day of minimal action for the local equity market, with notable
changes in only about half of the Ukrainian Exchange’s 10 blue chip issues. The
UX index inched up by 0.3% to close at 1123 points, moving roughly in line with
the major US and European bourses. Motor Sich extended its winning streak to 7
sessions, adding 1.1% to UAH 1943 on turnover of just under UAH 1mn. Among the
top liquid names, Raiffeisen Aval was the only notable loser, dropping by 1.7%.
Outside the UX basket, there was some trading action in second-tier electricity
generation company DniproEnergo, which jumped 19% to UAH 535. In London,
Ferrexpo rebounded rather weakly to end a week-long slide, picking up 1.3%,
while MHP slid 5.2% even though investors can still obtain the company’s 76-cent
dividend by buying the stock today. In Warsaw, top agro name Kernel edged higher
by 1.2% to PLN 27.
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