Kyiv-listed
Ukrainian stocks rallied in the afternoon on Wednesday (Oct 23), with the local
equity benchmark reaching its best level since mid-August before the market was
hit by that month’s Russian-Ukrainian trade standoff. External risk sentiments
remain strong, although the S&P 500 and the DAX retreated somewhat from
their all-time highs set on Tuesday; the dollar slipped below 1.38 against the
euro for the first time in nearly two years on expected continued easy US
monetary policy. The UX index picked up 1.6% to close at 878 points. There was
strong buying interest in volume leader Raiffeisen Aval, which jumped 5.0% to
9.60 kopecks, while electricity generators CentrEnergo and DonbasEnergo both
added about 2% and Motor Sich rose 1.1% to UAH 1622.
In London, JKX Oil &
Gas edged lower by 1.0% and a late-session selloff pushed Ferrexpo down 4.7% to
near GBp 185.
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