Local Ukrainian equity issues corrected on Friday (May 30) on the heels of their jump of more than 10% on the election of Petro Poroshenko as Ukraine’s president over the previous week. Externally, the S&P 500 ended the week at another record high, having risen almost continuously from its most recent dip 7 weeks ago. The UX index fell 1.3% to close at 1221 points. Among actively traded names, DonbasEnergo and UkrNafta were the main decliners, dropping by 3.6% and 2.2% respectively on combined turnover of UAH 4.4mn, with the latter ending at UAH 261. On the upside, Motor Sich continued its remarkable run of form, edging up another 0.4% to UAH 2213; the issue has not posted a loss in any session since May 12. Outside the UX basket, Krukiv Wagon and Bank Forum were both in the red on respective losses of 3.5% and 2.1%. In London trading, JKX Oil&Gas edged down 1.2% to GBp 61.
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