Ukraine’s equity market edged lower yesterday (May 15), serving up a repeat performance of the Tuesday session, although this time it was against a backdrop of considerably smaller gains in Europe. The UX again slipped by half a percent, closing at 814 points. Top liquid issues CentrEnergo (CEEN) and Raiffeisen Aval (BAVL) led the decline, shedding 1.2% and 1.7% respectively on combined volume of UAH 2.9mn, with the former ending a whisker above the UAH 4 level. Other leading blue chips, including Motor Sich (MSICH), Avdyivka Coke (AVDK), and DonbasEnergo (DOEN), were nearly unchanged. Outside the UX basket, substantially-traded second-tier names ZakhidEnergo (ZAEN) and LuganskTeplovoz (LTPL) added 4.8% and 2.8% respectively.
In London, Ferrexpo (FXPO LN) continued to trend lower, moving down 2.4% to GBp 183.5.
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