Ukrainian stocks were sluggish on Thursday (Jul 4) in a low-energy session, despite a furious European rally that saw Frankfurt, Paris and London regain all of their losses of the preceding two sessions on an ECB promise of long-term low interest rates. The UX index ended unchanged at 855 points, with all blue chips moving by less than 1%. Azovstal (AZST) gained 0.98% to 61.80 kopecks, while Motor Sich (MSICH) led on volume with UAH 2.9mn in deals, and edged down 0.4% to slip below the UAH 1900 level. Among actively traded second-tier names, steelmaker Mariupol Illycha (MMKI) lost 4.4% to 14 kopecks on the nose. In London, Ferrexpo (FXPO LN) caught some late-day momentum to pick up 3.8%, while Regal Petroleum (RPT LN) showed continued volatility with a 5.7% loss. In Warsaw, beaten-down Agroton (AGT PW) added 2.4% to PLN 2.56.
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