Kyiv equities were mixed on Wednesday (Aug 20), with only two blue
chips, Motor Sich and DonbasEnergo, seeing significant movement. Externally, the
S&P 500 has regained all of its August losses (which were largely related to
the Ukraine crisis) and now sits just a point below its all-time high, as
traders bet on continued Federal Reserve cheap-money support for the US economy.
The UX index closed up half a percent at 1279 points. Motor Sich continued its
strange pendulum-like behavior, rising for the 5th straight session after having
declined for the previous 10, picking up 3.4% to UAH 2480. DonbasEnergo moved
lower by the same increment, finishing at UAH 38.70. The rest of the stocks in
the UX basket were little-changed, including volume leader UkrNafta, which
printed UAH 2.0mn in trades. In Frankfurt, bottom feeders pushed troubled crop
grower Mriya up by 8.5% to EUR 1.66, while in Warsaw, agro name Industrial Milk
Company added 3.5% to PLN 8.75.
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