The few remaining
actively traded local Ukrainian equity names ended mixed on Wednesday (Feb 24)
amid a lack of information over possible reformatting of the Yatseniuk Cabinet
and the situation surrounding resumption of the country’s IMF lending program.
The UX benchmark ticked up by 0.1% to close at 634 points. Motor Sich (MSICH)
held its gains from earlier in the week, finishing flat at UAH 1820, while
CentrEnergo (CEEN) added 0.9% to UAH 4.51; the two heavyweight issues combined
for UAH 650,000 in turnover. UkrNafta (UNAF) was unchanged at UAH 145 on very
light volume, while Yenakievo Steel (ENMZ), which is stranded on
separatist-controlled Donbass territory, plummeted 12.0% to yet another all-time
low at UAH 10.99, leaving the Metinvest-affiliated company with a nominal
implied market capitalization of less than USD 6mn. Data for second-tier issues
listed on the Ukrainian Exchange remains unavailable. In London, Avangard and
JKX Oil & Gas were both untraded at respective listings of 60 cents and GBp
25.00.
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