Local Ukrainian stocks were mostly higher in a session of very light trading activity on Thursday (Jun 19), while the main global indices continued to show resilience to the new war in Iraq, with DAX pushing back above the 10,000 level and the S&P 500 and DJIA edging further into all-time high territory. In Eastern Ukraine, some of the heaviest fighting of the 2-month old armed conflict was reported near Lugansk’s main airport as well as in the Donetsk oblast hotspots of Yampil and Krasniy Liman after pro-Russian paramilitaries rejected President Poroshenko’s ceasefire terms. The UX index moved up by 0.6% to close at 1227 points. The day’s outstanding performer was Alchevsk Steel, which appreciated by 3.9% to 3.69 kopecks, and top liquid names Motor Sich and CentrEnergo added 1.4% and 1.5% respectively on combined turnover of UAH 2.2mn. DonbasEnergo lost only half a percent despite an announcement that it is suspending operations at its power plant in Slavyansk due to the war; this indicates to us a lack of any real trading activity in the stock. In London, Ferrexpo fell back by 5.3% after having rebounded somewhat in recent days, ending near GBp 123.
Stocks in the News
DonbasEnergo to Shut Down Slavyansk Plant As Coal Supply Interrupted
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