Ukrainian stocks kicked off the week and the new month by moving lower in line with the main European indices on Monday (Jun 3), following another steep slide in the Nikkei on concerns about the stability of the Japanese government bond market. The UX index fell 0.9% to close at 859 points. Volume was light, with leader Motor Sich (MSICH) slipping 0.7% on UAH 2.6mn in deals; no other issue reached the UAH 1mn mark. The remaining blue chips in the UX basket were down nearly uniformly by about 1%, with the exception of Azovstal (AZST), which limited its loss to 0.2% and ended at 60.9 kopecks. Among second-tier names, Krukiv Wagon (KVBZ) saw a substantial change in quotes, dropping 4.0% to just below UAH 24. In Warsaw, Kernel (KER PW) slumped 4.7% as the market continued to digest the company’s rather disappointing quarterly results, while Regal Petroleum (RPT LN) shed 5.6% to GBp 21 in London.
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