Ukrainian stocks ended lower to start the week on Monday (Oct 7), but finished off their worst lows of the session after some recovery in the last hour of trading. Externally, US equities took a hit as the squabbling over the budget appeared set to morph into another major battle over raising the US government’s official USD 16 trillion “debt ceiling”. The UX index dropped by 0.8% to close at 840 points. DonbasEnergo led on volume with UAH 3.2mn in deals while giving back a chunk of its rise from the previous week with a 4.8% fall, and Motor Sich moved down by 1.2% to UAH 1567. CentrEnergo moved down in line with the index, while lightweight UX component Alchevsk Steel managed to add 1.0% on the day. In second-tier issues, UkrTelecom and Bank Forum picked up 3.3% and 5.5% respectively. In London, JKX Oil & Gas posted its best daily gain in almost two months, adding 3.2% to GBp 64, and Ferrexpo edged up by 1.0%.
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