After opening down more than 1%, Ukraine’s equity benchmark moved steadily higher throughout Thursday’s (Jun 13) session to finish with a small gain. The local market mirrored the pattern seen in Frankfurt and Paris, where equity indices ended with moderate losses after starting the day more than 2% in the hole on concerns about Japan’s massive overnight selloff. Better-than-expected retail sales numbers from the US released in the afternoon helped maintain the positive trend. The UX index edged up 0.3%, closing at 853 points. The top blue chips were mixed; Azovstal and DonbasEnergo both added 1.7%, with the latter reaching a 4-month high of UAH 21.90, while Motor Sich and Alchevsk Steel fell by 0.7% and 0.9% respectively on combined turnover of UAH 8.0mn. In London, JKX Oil&Gas lost 3.6% to hit another fresh 8-year low near GBp 53 after a Financial Times article highlighting the antagonistic relationship between Privat Group and other shareholders in the company.
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