Ukraine’s local
equity market ended a rather upbeat week with some more gains on Friday (Jan 17)
despite unpleasant developments on the political front that saw Parliament adopt
several laws intended to criminalize the ongoing EuroMaidan protests. The UX
index added 0.7% to close at 921 points. Power generation blue chip DonbasEnergo
moved up by 1.7% and is now up by nearly 30% since the beginning of November.
CentrEnergo also chipped in with a 1.4% rise, and Motor Sich picked up 1.0% to
UAH 1950; the three issues combined for UAH 5.1mn in turnover, with the other 7
blue chips largely inactive during the session. It was a quiet day for Ukrainian
agro issues in Warsaw, with Kernel, Astarta, and Ovostar all ending essentially
unchanged. In London, Ukraine’s top liquid equity issue Ferrexpo gained 3.1% to
near GBp 182.
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