Ukrainian equities fell in line with negative global investor sentiment on Wednesday (Apr 3), as bellicose statements from North Korea pushed down the major Asian indices and markets in Europe and the US followed suit. Japanese investors were also concerned about the BoJ’s commitment to monetary easing as the yen strengthened against the dollar. The UX index lost 0.9%, finishing at 810 points. Azovstal (AZST) was the biggest decliner, shedding 3.4% to 59.1 kopecks, and Alchevsk Steel (ALMK) and DonbasEnergo (DOEN) each fell 2.2%. CentrEnergo (CEEN) stopped the bleeding after two sessions of massive losses, easing down half a percent to UAH 4.02, but Motor Sich (MSICH) continued to sell off, sliding another 1.4% to end only slightly above the UAH 2000 level. Raiffeisen Aval (BAVL) was the day’s white knight, rebounding by 2.1% on turnover of UAH 1.3mn. There was no reprieve for Stirol (STIR), however, which dropped 5.0% to fall further into fresh 4-year low territory at UAH 11.50. In London, Ferrexpo (FXPO LN) was still unable to find a bottom, retreating 2.4% to GBp 161, while in Warsaw, Industrial Milk Company (IMC PW) and Milkiland (MLK PW) moved down by 4.7% and 2.8% respectively.
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