Kyiv-listed Ukrainian blue chips were solidly higher on Wednesday (Feb 12) as the local market belatedly caught up to the sharp rally in the major US and European indices over the previous several days. The UX index added 1.8% to close at 921 points; the benchmark has risen roughly in line with the slide in the hryvnia against the dollar that has occurred over the past week. CentrEnergo (CEEN) was the top gainer with a 3.4% rise to UAH 4.62, volume leader UkrNafta (UNAF) picked up 2.9% on turnover of just under UAH 1mn, and Motor Sich (MSICH) and Raiffeisen Aval (BAVL) added 2.2% and 1.4% respectively. In London, Ferrexpo (FXPO LN) was unchanged, JKX Oil&Gas (JKX LN) edged down 1.6%, and Avangard (AVGR LI) slipped 1.9% to a 5-month low of USD 10.60 after releasing its fourth-quarter operating results in the morning. In Warsaw, Astarta (AST PW) shed 2.5%, Sadovaya Group (SGR PW) slid 4.6%, and Coal Energy (CLE PW) was unchanged at PLN 1.10.
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