Ukrainian equity markets experienced an uplift Wednesday (Feb. 2) on the back of positive domestic corporate developments. The UX exchange posted an impressive 2.53% gain on an unprecedented trading volume of UAH 350 mln. It was Motor Sich’s (MSICH) day; the stock shot up 10.62% after its FY10 results came out much better than expected. Among other top gainers, Ukrtelecom (UTLM) starred with a 3.12% rise and Ukrnafta (UNAF) climbed 1.94%. The banking sector (BAVL +0.8%, USCB +1.5%) and Centerenergo (CEEN +1.27%) posted moderately positive results. Metals and mining companies closed mixed. Yasynivka Coke (YASK +1.17%), Azovstal (AZST +1.09%), Enakievo (ENMZ +0.84%), Avdiivka Coke (AVDK +0.56%) all managed to gain, while Alchevsk Steel (ALMK -0.53%) closed in the red. Another blue chip that moved against the market was Zakhidenergo (ZAEN -0.16%).
In London, Cadogan Petroleum (CAD LN +12.9%) kept flying higher, while JKX Oil & Gas (JKX LN +1.02%) solidified its gains. Both Ferrexpo (FXPO LN +1.34%) and MHP (MHPC LI +0.77%) posted moderate advances. In Warsaw, Astarta (AST PW -0.32%) and Agroton (AGT PW -0.27%) closed in negative territory, but Kernel (KER PW +0.06%) just crossed over the flat line.
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