Wednesday (Jul 2)
was another inactive day for Ukraine’s stock exchange, as European leaders
scrambled to broker a new ceasefire to end this week’s fierce battles in Eastern
Ukraine between government forces and pro-Russian paramilitaries, which are
creating the risk of significant civilian casualties. The UX index inched down
three tenths of a percent to close at 1221 points. UkrNafta was the session’s
only notable mover, slipping 1.3% to near UAH 244; DonbasEnergo and Avdyivka
Coke edged up by 0.5% each, while the remaining seven UX basket stocks were
nearly unchanged. In second-tier names, Ferrexpo mining subsidiary Poltavskiy
GOK fell 3.1% to UAH 15.30. In London, Ferrexpo itself rose 1.5% thanks to some
late-day buying, while in Warsaw, Kernel declined by 1.6% and Industrial Milk
Company was down 2.3% to PLN 10.10.
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