Ukrainian stocks rebounded from a string of losing sessions on Thursday (Apr 4), outperforming the main European and US indices, although the local benchmark trailed the big gains seen in Japan’s Nikkei after the BoJ announced a stunning new scale of quantitative easing that sent the yen crashing by 3.5% against the dollar. The UX index rose 2.1% to 826 points as traders snapped up bargains. Raiffeisen Aval (BAVL) was the day’s big winner, jumping 6.1% to 9.54 kopecks, while DonbasEnergo (DOEN) and Alchevsk Steel (ALMK) added 3.4% and 2.7% respectively. Volume leader Motor Sich (MSICH) also bounced back from a miserable run of form since the beginning of March, adding 1.5% on turnover of UAH 9.8mn, and CentrEnergo (CEEN) edged up by 0.9% despite news of the postponement of its privatization. There were several decliners among second-tier issues, with Krukiv Wagon (KVBZ) and Pivnichny GOK (SGOK) down by 2.8% and 2.1% respectively. Among London-traded names, Regal Petroleum (RPT LN) picked up 4.2%, while MHP (MHPC LI) edged lower by 1.1% to USD 17.30.
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