Ukrainian stocks
were lower across the board on Monday (Oct 21), ending their 4-session winning
streak and giving back a chunk of last week’s gains amid generally flat external
sentiments, as both the S&P 500 and the DAX sat unchanged near the all-time
highs which they registered on Friday. With the markets increasingly confident
that there will be no reduction in US monetary stimulus before January, many
analysts now expect the major equity indices to rally through the end of the
year. The UX index lost 1.2% to close at 854 points. Raiffeisen Aval and
UkrSotsBank were both down more than 2%, with the latter ending at 18.10
kopecks, while Azovstal corrected by 1.5% and volume leader Motor Sich shed
1.0%. In London, Avangard continued to have the hot hand, jumping another 4.0%
to reach USD 13; JKX Oil & Gas moved by the same increment in the opposite
direction after reporting that flow at its new gas well is “near the low end” of
expectations.
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