Local Ukrainian
stocks saw a partial rebound from their recent slide on Thursday (Aug 14) as top
liquid name Motor Sich finally snapped its 10-session losing streak that had
been fueled by concerns about new Ukraine-Russia trade restrictions. Globally,
European, US, and Asian shares were all moderately higher amid what has been a
relatively quiet week of news flow from Eastern Ukraine, save for the media’s
obsession with a Russian humanitarian aid convoy supposedly bound for Lugansk.
The UX index added 1.5% to close at 1250 points. Motor Sich ended with a 3.2%
gain at UAH 2317 after having fallen as low as UAH 2180 in the morning; the
issue also led the exchange on volume with turnover of UAH 7.5mn. Beaten-down
Alchevsk Steel also recovered by 2.9%, while CentrEnergo and UkrNafta picked up
slightly more than 1% each. Outside the UX basket, Mariopol-based railcar maker
AzovZahalMash saw substantial trades at UAH 1.57, representing a 51% drop from
its previously-listed price. In Frankfurt, Mriya suffered further after
detailing some its debt delinquency, slumping 17.2% to EUR 1.44.
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