Locally-listed Ukrainian equities edged up on Wednesday (Mar 11)
ahead of the IMF executive board’s decision to approve a USD 17.5bn lifeline
program for the country that was made public after the market close. The UX
index climbed 0.5% to 1092 points, with Azovstal (AZST) adding the most points
to the gauge on an advance of 3.8%, after the company reported an impressive net
profit for FY14. In heavyweight blue chips, CentrEnergo (CEEN) gained 0.6%,
while Motor Sich (MSICH) lost 1.3% to dip back below UAH 2700. Raiffeisen Aval
(BAVL) picked up 1.8% as the hryvnia strengthened to 21.60 UAH/USD on the
interbank market. In London trading, iron ore producer Ferrexpo (FXPO) jumped by
7.1% to GBp 56.50 after the company announced a robust 10-cent per share
dividend for 2H14. JKX Oil&Gas (JKX) lost 1.1% to close at GBp 34.40, while
in Warsaw, Kernel (KER) declined by 1.5% to PLN 31.20.
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