Kyiv-listed Ukrainian equities were mixed on Wednesday (May 28) as reports regarding the ongoing very serious situation in Donetsk – it is no longer an exaggeration to simply call it a war – caught up with the initial optimism following last weekend’s smooth presidential election. The UX index slipped 0.4% to close at 1214 points. The best blue-chip performer was low-liquidity Yenakievo Steel (ENMZ UK) with a gain of 4.3%. Among the more liquid names, CentrEnergo (CEEN UK) was notably in the black, adding 1.0% to UAH 7.10. Among decliners, DonbasEnergo (DOEN UK) fell by 3.6%, Alchevsk Steel (ALMK UK) dropped by 1.8%, and Azovstal (AZST UK) lost 1.0%. In second-division names, Yasynivsky Coke (YASK UK) shed 1.3%. In London trading, hydrocarbon extractors with major assets in Ukraine, JKX Oil&Gas (JKX LN) and Regal Petroleum (RPT LN), edged down by 1.1% and 0.5% respectively. Warsaw-listed Ukrainian names demonstrated a notable correction after the post-election gains seen earlier this week. Kernel (KER PW) slid 6.3% to PLN 27.50, while Astarta (AST PW) and Ovostar (OVO PW) were down by 1.6% and 3.0% respectively.
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