Kyiv-listed stocks declined across the board on Tuesday (Jun 3) as the increasing realization that Ukraine is embroiled in a civil war in Donetsk and Lugansk oblasts raises concerns that dealing with the conflict could detract from incoming President Petro Poroshenko’s economic reform drive. The external environment was flat to marginally negative, with the main European indices edging lower by less than half a percent, while the local UX index lost 1.9% to finish at 1210 points. CentrEnergo fell 2.4% to UAH 7.07, and Motor Sich’s phenomenal 15-session, 36% winning streak finally came to an end with a 1.7% correction. UkrNafta and Raiffeisen Aval declined by 2.0% and 1.2% respectively. Low-liquidity, high-spread issue Bank Forum was a winner on the day, adding 5.8% to a last price near 71 kopecks. In London, MHP pressed approached the USD 15 level on a 1.8% gain, while Ferrexpo slipped 1.3% to near GBp 135.
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