The Ukrainian Exchange was closed on Monday (Jun 24) for the Trinity religious holiday. This allowed the local market to avoid a bearish day of trading on global bourses, with the major US and European indices all down at least 1% on negative sentiments from China. On Friday (Jun 21), the UX had edged down by 0.3% to close at 856 points, with Avdyivka Coke’s (AVDK) drop of 1.8% to UAH 3.17 the most notable move. In London on Monday, major Ukrainian names MHP (MHPC LI), Avangard (AVGR LI), and JKX Oil & Gas (JKX LN) all bucked the day’s general negative trend, posting respective gains of 2.3%, 2.1%, and 5.2%. Ferrexpo (FXPO LN), however, could not escape the concerns over Chinese growth, and slid 6.6% to GBp 135, its lowest level since September 2009. In Warsaw, Astarta (AST PW) rebounded after a 6% loss on Friday, gaining 2.4% to PLN 63.
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