Most Ukrainian blue chips were lower on Tuesday (Jun 11), slightly outperforming the main European indices, which trimmed their sizable losses somewhat before closing. The UX index fell 0.8% to finish at 850 points. Volume leader Motor Sich (MSICH) saw the day’s largest decline at 2.1% on turnover of UAH 2.6mn, and Raiffeisen Aval (BAVL) slid 1.4% to 10.08 kopecks. For a second consecutive day, power generators CentrEnergo (CEEN) and DonbasEnergo (DOEN) saved the index from a bigger drop, with both issues adding half a percent while combining for an above-average UAH 3.2mn in deals. Metinvest-controlled steelmaker Mariupol Illicha (MMKI) was the most active second-tier name, adding 3.4% to 16.80 kopecks. In London, Ferrexpo (FXPO LN) sold off sharply for the third time in the past four sessions, losing 4.9% to GBp 143, while Avangard (AVGR LI) and JKX Oil & Gas (JKX LN) were down by 1.5% and 3.9% respectively.
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