Local Ukrainian blue chips ended mixed on Friday (Dec 13) after
giving up notable intraday gains that saw the UX index touch the 900 level, as a
roundtable meeting between the government and opposition leaders unsurprisingly
failed to produce a breakthrough in the country’s ongoing political standoff.
Externally, the S&P 500 and the DAX wound up their worst weeks since August,
with losses driven - as then - by skittishness over the possibility of reduced
monetary stimulus ahead of a Federal Reserve meeting. The UX closed unchanged at
890 points. Avdyivka Coke slid to its lowest level of 2013 with a 1.9% decline
to UAH 3.00, and Alchevsk Steel and Raiffeisen Aval were down by 1.0% and 0.8%
respectively. Motor Sich was as high as UAH 1630 at midday before ending at UAH
1612, a gain of 0.7%, and UkrNafta rose by the same increment on reported
turnover of UAH 280,000. In London, Avangard slipped 1.6% to USD 11.50.
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