Local Ukrainian equities saw their largest one-day rise since 2010 on
Monday as the market reacted enthusiastically to the abandonment of the
presidency by Viktor Yanukovich. Investors assumed that the new authorities will
probably renew Ukraine’s cooperation with the IMF, leading to a possible influx
of foreign capital into local stocks. The UX index shot up by 15.2% to close at
1076 points. The biggest gainers were Yenakievo Steel, Azovstal, and Raiffeisen
Aval, which added 29.8%, 24.5%, and 20.9% respectively; quotes for all other
blue chips moved higher by double digits, with the exception of top liquid name
Motor Sich, whose gain was 7.2% to UAH 2101. Volume was elevated, with the 6
most actively traded issues combining to print UAH 13.7mn in deals. In London,
Ferrexpo and MHP were both firmly in the black, adding 3.9% and 6.2%
respectively, with the latter ending at USD 15.40.
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