Ukrainian
equities ended firmly higher on Wednesday (May 7), helped by news that the
government has received initial emergency rescue funding from the IMF. The UX
index rallied by 2.1% to close at 1097 points. The largest contribution to the
index growth was made by Raiffeisen Bank Aval (BAVL UK), which shot up by 7.7%
after the ex-rights date for a generous FY13 dividend payout of 3 kopecks was
set for May 12. Among other blue chips posting notable rises for the day were
Motor Sich (MSICH UK) and Azovstal (AZST UK), which both moved up by 1.2%. In
London trading, Ukrainian agro names were mixed, with MHP (MHPC LI) adding 4.0%
while Avangard (AVGR LI) edged down by 0.6%. In Warsaw, low-liquidity issue
Agroton (AGT PW) jumped by 12% and Kernel (KER PW) picked up
3.7%.
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