The local equity market missed out on the gains seen in the major global indices over the past two weeks, with the Ukrainian Exchange closed for 6 out of the last 10 business days due to Easter and the traditional Soviet-era May holidays. In the most recent session, the UX index lost 0.9% on Wednesday (May 8), closing at 824 points. Raiffeisen Aval (BAVL) was the biggest decliner, dropping 2.0%, and Avdyivka Coke (AVDK) shed 1.2% to UAH 3.01. Motor Sich (MSICH) was the day’s best blue chip performer, ending unchanged at UAH 2007 and leading the exchange with turnover of UAH 2.4mn. Outside the UX basket, DniproEnergo (DNEN) lost 3.6% to UAH 191, while low-liquidity KrymSoda (KSOD) added 3.8%.
In Friday (May 10) trading in London, Ferrexpo (FXPO LN) finished a positive week by edging down by 0.8% to near GBp 195, while MHP (MHPC LI) slipped 1.3% to USD 18.60.
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