Kyiv-listed Ukrainian stocks ended last week on a minor note as the UX index shed 0.5% to close at 1235 points on Friday (Jun 13). Heavyweight CentrEnergo was the main drag on the index, falling by 1.6%, while Motor Sich rose by 0.8% to UAH 2365 per share. Among other actively traded stocks, UkrNafta edged down by 0.6%. Importantly, today will be expiration of the rolling 6-month UX futures contracts, which are currently traded with a negative spread of 15 points to the current index value, while the next-to-expire September contracts have a positive spread of 33 points. In London, poultry producer MHP edged down by 0.7% to USD 14.90. In Warsaw trading, Kernel and Agroton were down by 0.9% and 2.7% respectively. Among notable news appearing this morning, Gazprom said that it has switched Ukraine to an advance payment mode for natural gas, as talks between the two sides over weekend brought no compromise deal regarding the pricing formula.
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