Ukraine’s local
equity index finished higher on Wednesday (May 14), adding 1.0% to close at 1063
points. Low-liquidity blue chip Yenakievo Steel gained 4.6% to UAH 34.30, while
among the top liquid names, UkrNafta and Motor Sich rose by 2.9% and 0.7%
respectively on combined turnover of UAH 2.6mn. Raiffeisen Aval was unchanged
after falling 13% in Tuesday’s session on the expiration of the ex-rights date
for its dividend. Outside the UX basket, there was a trade in TurboAtom at UAH
5, representing a 35% increase from the previously-listed price. Externally, the
main US indices retreated by around half a percent from their all-time highs
registered at the start of this week. In London, Ferrexpo edged up 1.0% to GBP
148, while MHP picked up 1.4% as news of its generous FY13 dividend hit the
market; most of the payout had already been priced in, however, and there should
be a 5% fall in the issue after the May 23 ex-rights date.
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