Local Ukrainian
equities were mixed on Wednesday (Oct 16) in another rather anemic-looking
session following last week’s change in the market’s depositary system.
Externally, a last-minute compromise taking shape on raising the US debt limit
sent stocks in both Europe and the United States notably higher, with the DAX
ending at a fresh all-time high within striking distance of the 9,000 level in
Frankfurt. The UX index posted a modest gain of half a percent, closing at 855
points. Financial issues UkrSotsBank and Raiffeisen Aval provided the positive
impetus, posting respective gains of 3.7% and 1.3%, while Azovstal edged down
0.6% to 63.70 kopecks. In Warsaw, Kernel and Astarta shed 1.6% and 2.3%
respectively, with the latter closing at PLN 68.40. London-listed issues saw
little movement; Ferrexpo and MHP both ended the day flat.
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