Local Ukrainian blue chips were modestly higher on Wednesday (Aug 14), with news that the Eurozone economy ended a six-quarter run of contractions in 2Q13 fueling minor gains in Frankfurt and Paris. The UX index appreciated by 0.6% to end at 889 points.Electricity generation companies CentrEnergo (CEEN) and DonbasEnergo (DOEN) led the way with respective rises of 1.1% and 1.7%. Motor Sich (MSICH) inched up 0.2% on turnover of UAH 4.8mn, while Avdyivka Coke (AVDK) and Raiffeisen Aval (BAVL) were unchanged. Outside the UX basket, Interpipe (NVTR) added 1.1% to 22 kopecks.
In Warsaw, Kernel (KER) slipped back below PLN 50 with a 1.7% drop, while Astarta (AST) rose 1.2% to reach PLN 77.50, its highest close since August 2011. In London, Ferrexpo (FXPO) moved down by 2.0%, while Avangard (AVGR) advanced by 2.2% to USD 10.20.
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