Ukrainian stocks rallied in the afternoon on Monday (Jun 17) after trading in negative territory for most of the session, boosted by the major indices in Europe and the US, which were all higher in the range of 1% on optimism about the upcoming FOMC meeting. The UX index gained 0.6% to close at 872 points. Azovstal (AZST) was the top-performing blue chip, picking up 1.6% to 63 kopecks on the nose. UkrSotsBank (USCB) added 1.5%, while DonbasEnergo (DOEN) and Alchevsk Steel (ALMK) both appreciated by 0.9%. Top liquid issues Motor Sich (MSICH) and CentrEnergo (CEEN) were both unchanged on moderate combined turnover of UAH 7.0mn. Outside the UX basket, there was a major story in state-controlled turbine producer TurboAtom (TATM), which jumped by 56% from its previously listed price to UAH 5.00 on a reported UAH 6.5mn in deals. In London, JKX Oil & Gas (JKX LN) rebounded from a string of losses to add 2.4%.
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