Kyiv-listed
stocks finished in the red on Friday (Apr 10) ahead of the long Easter weekend.
The UX index lost 0.8% to close at 1016 points. The market ignored some positive
new reform legislation from Parliament, which adopted a bill intended to break
up the Naftogaz monopoly and lure investment into the country’s lucrative but
opaque natural gas sector. The legislation mandates the unbundling of Naftogaz
into separate production, transit, storage, and supply businesses. Among the 10
UX index components, only Motor Sich (MSICH) was in the black, edging up 0.3%,
while CentrEnergo (CEEN) and DonbasEnergo (DOEN) fell by 0.6% and 3.0%
respectively. UkrNafta (UNAF) shed 2.2% to UAH 285 per share; Friday was the
final day for the company to pay its announced dividend for 2011-13, but the
company refused, arguing that Naftogaz, its majority shareholder, owes UkrNafta
for natural gas supplies. In London trading on Monday (Apr 13), Ferrexpo (FXPO)
slipped 2.2%, while MHP (MHPC) continued its spring rally after a sluggish
winter, adding 4.1% to USD 11.40.
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