Ukrainian stocks rallied on Friday (Jun 14) ahead of Monday’s expiration of rolling six-month UX futures contracts despite lukewarm external sentiments that saw meager gains in Europe and losses in New York. The UX index spent the entire session in positive territory and all 10 local blue chips moved higher. CentrEnergo (CEEN) continued to claw back ground from its nadir below 4 hryvnias touched in April, picking up 2.9% to UAH 4.63. Also adding more than 2% on the day were DonbasEnergo (DOEN), Alchevsk Steel (ALMK), and Raiffeisen Aval (BAVL). Motor Sich’s (MSICH) gain was 0.8% on volume of UAH 2.1mn; six other blue chips also reached the UAH 1mn turnover mark. Second-tier issues Yasynivsky Coke (YASK) and Comsomolets Donbasa (SHKD) moved up by 1.3% and 1.0% respectively. The main Ukrainian names in London were mixed, with Ferrexpo (FXPO LN) rebounding from recent losses to jump 4.6%, while Avangard (AVGR LI) slid 4.2% and JKX Oil & Gas (JKX LN) fell further into uncharted territory, giving up 3.3% to GBp 51.25.
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