Ukrainian stocks rallied on Friday (Jun 6) ahead of Monday’s (Jun 9) local holiday closure, helped by positive external sentiments from the European Central Bank’s latest interest rate cut. In Monday trading, Germany’s DAX smashed through the 10,000 point milestone for the first time after receiving a bump from the ECB’s move. In Kyiv, the UX index gained 2.4% to close at 1238 points. Perennial underperformers Alchevsk Steel and Avdyivka Coke were the biggest winners, picking up 6.5% and 5.0% respectively. CentrEnergo rose 1.7% to UAH 7.18 and volume leader Motor Sich picked up 2.0% on turnover of UAH 2.4mn. Outside the UX basket, Bogdan Motors appreciated by 5.2% to 5.90 kopecks. In London, Avangard moved up 3.2%, finishing at USD 9.46.
Politics and economics
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