Most Ukrainian
blue chips were lower again on Monday (Dec 23) as the local market continued to
give back the gains that had followed the news of Ukraine’s Moscow bailout last
week. The UX badly underperformed the main European indices, losing 0.7% to
close at 898 points even as the DAX blasted another 1% into all-time high
territory, with the 10,000 mark now firmly in its sights. Azovstal (AZST) fell
2.3% to 67.20 kopecks and CentrEnergo (CEEN) and Alchevsk Steel (ALMK)) lost
1.1% and 1.3% respectively on combined turnover of UAH 2.6mn. Motor Sich (MSICH)
managed a small gain of 0.3% for its fourth consecutive rise. In London, JKX Oil
& Gas (JKX LN) slipped 2.1% to GBp 71, while in Warsaw, Kernel (KER PW)
rebounded by another 3.5% to near PLN 40 and Ovostar picked up 4.7%.
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