Local Ukrainian equities were mostly up on Tuesday (Jun 24), while the major stock markets in Europe and the US were lower by between half a percent and one percent on the deteriorating security situation and increasing violence in Iraq. In Eastern Ukraine, attacks on Ukrainian armed forces by pro-Russian paramilitaries continued despite the declared ceasfire, and talks were taking place between teams led by Donetsk People’s Republic representative Alexander Boroday one side and former President Leonid Kuchma on the other to open the door to a political resolution of the situation. The UX index edged up by 0.6%, closing at 1234 points. Top liquid issues Raiffeisen Aval, CentrEnergo and Motor Sich added 1.2% and 1.0% respectively on combined turnover of UAH 9.8mn, with the latter ending at UAH 2371; low-liquidity blue chip Yenakievo Steel added 3.6%, while UkrNafta was a loser on the day, slipping 0.6% to UAH 257. Outside the UX basket, DonetskStal-controlled Yasynivsky Coke saw a decline of 5.7%.
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