Ukrainian stocks rose on Tuesday (Oct 15) in line with European
shares in a light-volume session, although investors in the US continued to fret
about the lack of a federal budget agreement in what has turned into the latest
“man-made” Washington gridlock crisis. The UX index picked up 1.3% to end at 851
points. Raiffeisen Aval led the way higher, adding 4.5% to 9.19 kopecks after a
story in the Forbes business weekly claiming that Vienna-based Raiffeisen
International is actively looking to sell off its Ukrainian unit. Also finishing
in the plus column were Motor Sich and Alchevsk Steel, which picked up 1.3% and
1.0% respectively. Avdyivka Coke and Azovstal both edged down half a percent,
while CentrEnergo was unchanged at UAH 4.95. In London, Ferrexpo rallied again,
rising above GBp 190 for the first time since mid-August on a 4.9% gain. In
Warsaw, it was a volatile day for top liquid issue Kernel, which ended down 3.1%
near PLN 52 after having been 3% higher during much of the session.
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