Ukrainian stocks moved against the global trend for a second consecutive day, this time finishing marginally higher while European shares were down on nervousness over the stability of the Italian coalition government. The UX index appreciated by 1.0% to close at 847 points. Most of the benchmark’s rise was due to renewed speculative activity in UkrSotsBank (USCB), which jumped 13.0% on elevated volume of UAH 1.9mn. The next-best performer was DonbasEnergo (DOEN) with a 1.6% gain to UAH 22.45, and Motor Sich (MSICH) and Avdyivka Coke (AVDK) picked up 0.6% and 0.7% respectively. Outside the UX basket, DTEK-owned ZakhidEnergo (ZAEN) added 4.3% to UAH 88.70. In London, MHP (MHPC) slipped 1.6% and Ferrexpo (FXPO) was nearly unchanged, while in Warsaw, Kernel (KER) rose 1.8% and Ovostar (OVO) jumped 4.0% to PLN 103.
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