Comments and pre-market: Eavex Ukraine Market Monitor: Dec 12

Locally-listed Ukrainian equities were mixed in light trading on Wednesday (Dec 11), as the political standoff in Kyiv eased slightly after riot police attempting to clear the Independence Square demonstration mostly refrained from using excessive force and President Yanukovych met for a second day with EU foreign policy chief Catherine Ashton. Externally, the main US indices fell by more than 1% after disappointing corporate earnings announcements. The UX index edged up by 0.3% to close at 888 points. Motor Sich and Azovstal each gained 1.3%, while most other blue chips ended marginally lower by less than half a percent. The top Ukrainian names in London were little-changed, although Ferrexpo was up by nearly 3% intraday before slipping back to its opening level near GBp 175. In Warsaw, sunflower oil giant Kernel took a 2.4% hit, finishing at a fresh 46-month low of PLN 38.50.
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Eavex Ukraine Market Monitor: Dec 12