Daily Insight-Equities see intraday losses, end mixed; MoF unnerved by primary market\'s aggressive bids

Yesterday, the local equities market followed a U-curve in intraday trading, which losing some of their value in early hours, bottoming at mid-day, and then partially recovering towards the closing. The UX index of the UX bourse, currently the larger and more voluminous exchange for share trading, lost nearly 100 points in the first half of the day, dropping from 2,099 points to 2,006 in the morning, but retracing before the end of trading to close at 2,063, or up a mere 0.12% on the previous day. Trading turnover on the UX amounted to UAH70m, with a handful of stocks like oil producer Ukrnafta (UANF UK), steel plants like the Alchevsky mill (ALMK UK) and the Yenakiyevsky mill (ENMZ UK), banking stocks like Ukrsotsbank (USCB UK), machinery builder Motor Sich (MSICH UK), and metallurgic coke maker Avdiivsky Coke (AVDK UK) among the most active, providing more than half of all stock trading volume yesterday.