Local Ukrainian stocks saw gains on Monday (Sept 9) in line with what was later posted by the major US indices, as traders saw the immediate threat of US-led military action in the Middle East as receding on a lack of support from Congress. Meanwhile, news that Chinese industrial output jumped by more than 10% YoY in August set the stage for another rise in global shares today. The UX index spent the entire day firmly in positive territory, appreciating by 1.0% to end at 836 points. DonbasEnergo rebounded from its recent slide with a 2.2% pickup to UAH 22.20, and Motor Sich rose for the 4th consecutive session, adding 2.0% on turnover of UAH 7.9mn. CentrEnergo and Krukiv Wagon posted respective advances of 1.3% and 2.1%, while Yenakievo Steel lagged the market, falling 1.1%. In London, MHP jumped 3.4% to USD 10.60, but MHP remained soft, giving up most of last week’s rebound with a 4.4% loss.
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