The Ukrainian Exchange in Kyiv was closed for a second straight day on Friday (Oct 11) for technical adjustments, leaving the UX index unchanged at 844 points. Local issues thereby missed out on another day of global bullishness, although the gains in the US and Europe did not match those of Thursday, which turned out to be one of best trading days of 2013 after investors became convinced that the threat of a partial US default later this month is merely a paper tiger. In London, top liquid Ukrainian issues Ferrexpo (FXPO LN) and JKX Oil & Gas (JKX LN) rode the wave of optimism, adding 4.0% and 3.6% respectively; JKX gained 11% last week, ending at GBp 72.50, its highest close since stakeholder Igor Kolomoyskiy tried and failed to oust CEO Paul Davies back in the spring. Leading agro names MHP (MHPC LI) and Avangard (AVGR LI) were sluggish, slipping by 1.0% and 1.7% respectively, while in Warsaw, Kernel (KER PW) made it a threesome, moving down by 0.9% to PLN 53.40.
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