Most local Ukrainian blue chips ended higher on Monday (Jun 2) to kick off the new month of trading amid a largely flat external environment, the exception being in Tokyo, where the Nikkei jumped by more than 2%. The UX index added 1.1% to finish at new a 2-year (UAH-denominated) high of 1234 points. Motor Sich was the main contributor, rising for an astonishing 15th straight session on a gain of 3.7% to UAH 2307; the issue started its streak at UAH 1725 back on May 12, putting its cumulative run-up for the period at 36%, i.e. near the hryvnia’s devaluation against the dollar year-to-date. UkrNafta and CentrEnergo picked up 0.5% and 0.9% respectively on combined turnover of UAH 4.3mn, while DonbasEnergo posted a 1.8% decline to UAH 42.90. In London, the biggest mover was Avangard, which appreciated by 2.2% to finish at USD 9.20. Warsaw-listed Ukrainian stocks were mixed with Kernel surging by 8.5% while Milkiland loosing 3.5%
Politics and economics
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