Ukrainian stocks continued their stealth rally on Wednesday (Apr 24), edging higher for a 5th consecutive session despite underperforming the big gains seen on the main European bourses. The UX index appreciated by 0.6% to close at 827 points. UkrNafta (UNAF) and UkrSotsBank (USCB) were both up about 2%, while among the top liquid names, the leading advancers were Avdyivka Coke (AVDK) and Raiffeisen Aval (BAVL), which added 1.5% and 1.4% respectively. Holding the index back from a larger rise were heavyweight issues Motor Sich (MSICH) and CentrEnergo (CEEN), which both ended nearly unchanged. Second-tier mining name Pivnichny GOK (SGOK) was active, gaining 9.2% to UAH 6.72, but remains well below its pre-annual meeting peak of almost UAH 9.
In London, MHP (MHPC) was bid sharply higher, jumping 7.2% to USD 18.80, and Ferrexpo (FXPO) picked up 3.7%. In Warsaw, Kernel (KER) edged up by 1.3%, closing at PLN 50.50.
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