Locally-listed Ukrainian equities were mixed on Friday (May 29) ahead
of the 3-day Orthodox holiday weekend. The UX index edged up 0.3% to close at
1011 points. UkrNafta (UNAF) finished in the red, declining by 0.5% and showing
no positive reaction to news that the company’s supervisory board has called a
general shareholders meeting for Jul 22 aimed at replacing the company’s
management. On the upside, Motor Sich (MSICH) rose by a solid 3.2% to UAH 2720,
recovering most of its losses of the previous week. In second tier stocks,
UkrSotsBank (USCB) advanced by 6.9% to 10.70 kopecks in what is more of a
technical rebound rather any fundamental growth. In London trading, Ferrexpo
(FXPO) climbed 1.4% to GBp 74.50 while MHP (MHPC) lost 2.7% to close at USD
10.95. Warsaw-listed Kernel (KER) was unchanged at PLN 38.50 after releasing its
quarterly results.
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