Most liquid Ukrainian blue chips finished higher on Wednesday (Apr
15), but the local market was dragged down by a 3.7% loss in heavyweight
UkrNafta (UNAF), which continues to slide following the company’s refusal to
make a promised dividend payout of more than USD 100mn to shareholders for its
2011-13 profits. The UX index edged up half a percent to close at 1022 points.
Other major names were firmly in the black, with top financial issue Raiffeisen
Aval (BAVL) adding 3.5% to 9.62 kopecks, Azovstal (AZST) rising 2.8%, and volume
leader Motor Sich (MSICH) picking up 1.0% on turnover of UAH 4.5mn. Outside the
UX basket, Yasynivsky Coke (YASK) traded at 30 kopecks, a gain of 4.5%. In
London, Ferrexpo (FXPO) appreciated by 2.6% to reach GBp 68 for the first time
since mid-February, while MHP (MHPC) corrected by 3.5% back to USD 11.00 after
moving up steadily over the past two weeks.
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