Ukrainian stocks saw some choppy movement in Tuesday’s (May 22) session against a backdrop of flat European shares, with most local blue chips ending lower on profit-taking after Monday’s solid gains. Pedigree steel names Azovstal (AZST) and Alchevsk (ALMK) both shed 1.8% to lead the decline along with UkrNafta (UNAF), which lost 2.1% to UAH 118. CentrEnergo (CEEN) gave back 1% of its 7% rise from Monday to finish at UAH 4.30, while Motor Sich (MSICH) inched up 0.2% on volume of UAH 4.5mn and Raiffeisen Aval (BAVL) managed a pickup of half of percent. Outside the UX basket, it was a busy day for iron ore miner Centralny GOK (CGOK), which added 4.9% on above-average turnover of nearly UAH 1mn, while coal miner Pokrovske Mine (SHCHZ) moved down 5.3% to 54 kopecks.
In London, all the major Ukrainian names finished higher, with JKX Oil & Gas (JKX LN) and Ferrexpo (FXPO LN) posting respective gains of 1.3% and 1.6%, while Avangard (AVGR LI) rose 2.6% to USD 9.29.
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