Kyiv-listed
Ukrainian stocks rallied on Friday (Dec 27) along with the main European
indices, as stocks worldwide appeared set to cross the finish line of 2013 with
a flourish that should take the full-year gains in the DAX and S&P 500 to
more than 25% and 30%, respectively. Ukraine, on the other hand, looks set to
end with a miserly performance near -4% in a year marked by a collapse in the
liquidity of the local market. On Friday, the UX index picked up 1.1% to close
at 901 points, driven by Motor Sich, which added 2.2% to UAH 1764. Azovstal and
UkrNafta gained 1.5% and 1.1% respectively, while volume leader CentrEnergo
edged up 0.7% on turnover of UAH 3.7mn. Outside the UX basket, Poltavsky GOK saw
some action, dropping 3.5% to UAH 7.70. In London, Poltavsky’s parent Ferrexpo,
the most liquid stock in the Ukrainian universe, moved in the opposite
direction, rising 3.1% to near GBp 190.
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