Ukrainian
equities were mixed on Tuesday (Jan 14), moving nearly in line with European
shares and avoiding the heavy losses seen overnight in the Nikkei and during the
previous day on Wall Street. The UX inched down two tenths of a percent to close
at 907 points. Low-liquidity UkrSotsBank was the most notable mover, dropping
5.7% to 17.25 kopecks. Metinvest-controlled Yenakievo Steel and Avdyivka Coke
both retreated by 1.4% and CentrEnergo slipped 1.0% on turnover of UAH 350,000.
Supporting the benchmark were DonbasEnergo, Motor Sich, and Azovstal, each of
which finished higher in the range of 1%. Outside the UX basket, Ferrexpo-owned
Poltavsky GOK added 8.3%, an increment which we note is less than the buy-sell
spread for the sporadically-traded issue. In London, Avangard rose 3.5% to USD
11.70, while in Warsaw, KSG Agro slipped 1.9%, ending just above PLN 10.
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