Kyiv-listed stocks finished mixed last week after their sharp slide
from a week earlier. General sentiments on the local market remained negative as
the announced likely de-listing of two blue chip stocks gave grounds to assume
the risk of similar moves regarding other UX index components. The UX index
added 1.7%, closing at 557 points on Friday (Apr 1). On the upside, Motor Sich
(MSICH) rose 4.8% to UAH 1950 after the company approved a dividend of UAH 30
per share from FY15 profit. CentrEnergo (CEEN) was the top gainer, rebounding
15.3% to UAH 5.44 as expected privatization of the company in 2H16 remains a
strong driver for the stock. The stocks which are on track to be de-listed were
mixed. Azovstal (AZST) regained 14% to 22.80 kopecks while Avdyivka Coke (AVDK)
slid a further 14% to 87 kopecks. UkrNafta (UNAF) failed to find a bottom,
falling another 14% to UAH 74, as weak oil prices and the company’s unresolved
situation with its tax debt continue to cast a long shadow over operations.
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