UX index to exclude UTLM, KVBZ, YASK, STIR and SVGZ

The Ukrainian Exchange’s index committee announced yesterday a decision to exclude five stocks (of the current 15) from the UX index as of March 16: Ukrtelecom (UTLM), Stirol (STIR), Kryukiv Wagon (KVBZ), Stakhaniv Wagon (SVGZ) and Yasynivskiy Coke (YASK). The latter three were simultaneously placed on a watch list for potential inclusion back in the index. Each of the five excluded stocks had an average daily turnover of less than USD 40,000 in 2012, which, for comparison, lagged all but one WIG-Ukraine index components (Industrial Milk Company, IMC PW).