Ukrainian stocks rallied across the board on Tuesday (Sept 10) in line with European shares, as strong Chinese economic data and a possible diplomatic resolution to the Syrian crisis fueled risk appetite on global markets. The UX index rose 1.6% to close at 850 points. Top liquid issue Motor Sich rose for a 5th straight session, adding 2.7% volume of UAH 4.9mn, and CentrEnergo gained 2.1% to UAH 5.21. Also adding more than 1% were Alchevsk Steel, Yenakievo Steel, and Raiffeisen Aval. Outside the UX basket, Bogdan Motors slumped 9.8% to 3.60 kopecks after disappointing 8M13 vehicle production data. In London, Ferrexpo jumped 4.6% on the China-based optimism, and MHP picked up 3.5% to USD 15.50, suggesting that yesterday’s 4% fall was due to a single session-ending anomalous trade. In Warsaw, agro giants Kernel and Astarta posted rises of 2.5% and 5.5% respectively.
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