Ukrainian stocks
were generally lower despite a banner day on global equity markets on Monday
(May 12) that saw the S&P 500 add 1% to reach another new all-time high, its
first in more than a month, on expectations of continued low interest rates
ahead of May 15 comments from Federal Reserve chief Janet Yellen. Germany’s DAX
also jumped to reach its best level since mid-January, when it last set an
all-time high before worries about Ukraine and Russia began to generate selling,
and the Nikkei has been getting in on the action today, jumping about 2%. In
Kyiv, the market reacted to Sunday’s apparent popular rebuke to Kyiv in a
Donetsk secession referendum, with the UX index declining by 1.3% to end at 1088
points. Raiffeisen Aval and CentrEnergo were the biggest decliners, dropping by
2.4% and 1.7% respectively, with the latter finishing at UAH 5.97, and volume
leader UkrNafta shed 1.4% on turnover of UAH 1.6mn. In London, MHP picked up
where it left off last week, adding another 5.0% to USD 14.20, while TMM Real
Estate fell 4.1% to EUR 0.141 in Frankfurt. In Warsaw, Milkiland jumped 4.5%
after the company unveiled proposal for dividend of EUR 0.07 per share.
full report
