Ukrainian stocks rallied again on Thursday (Oct 24), as several local
blue chips released their third-quarter results and Germany’s DAX raced to
another all-time time and flirted with the 9,000 level; the German benchmark is
now up by nearly 50% since its bottom of September 2011. For its part, the UX
index touched 900 points intraday and closed at its best level in nearly 7
months, gaining 1.4% to 890 points. Avdyivka Coke and Azovstal both added nearly
3%, while Raiffeisen Aval picked up 2.1% to 9.89 kopecks after Wednesday’s gain
of 5% ahead of the bank’s report yesterday of a solid 3Q profit of UAH 216mn.
CentrEnergo and Alchevsk Steel were also firmly in positive territory with
respective gains of 1.9% and 1.4%, while Motor Sich’s rise was rather moderate
at just half a percent. UkrNafta was the only blue chip to end in the red,
slipping 0.4% to UAH 109.
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