Locally-listed Ukrainian stocks ended mixed on Wednesday (May 27),
still showing no rebound after the externally-driven steep losses earlier in the
week. News that Ukraine has raised USD 1.0bn by placing bonds with US guarantees
failed to impress local equity investors. The UX index inched down 0.1% to close
at 996 points. The steel sector stocks underperformed the broad market, with
Azovstal (AZST) dropping 2.5% to 78 kopecks per share. Low-liquidity Avdyivka
Coke (AVDK) and Yenakievo Steel (ENMZ) fell by 0.9% and 1.1% respectively. On
the upside, Motor Sich (MSICH) regained 1.0% to close at UAH 2568. In London
trading, Ukrainian issues were higher yesterday, with Ferrexpo (FXPO) picking up
2.1% to GBp 72.00 and MHP (MHP) recovering 1.8% to USD 11.05. Warsaw-listed
Ovostar (OVO) retreated by 2.4% to PLN 80.50.
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