Ukrainian stocks
regained some of their losses from the previous week on Monday (Jul 7) after
news over the weekend that the government’s offensive against pro-Russian
paramilitaries has pushed the latter out of their strongholds in the cities of
northern Donetsk oblast, including Slavyansk. However, it was a fairly rough
session for the main European indices in Frakfurt and Paris, both of which lost
more than 1%. The UX index added 1.7% to finish at 1214 points, with Raiffeisen
Aval and DonbasEnergo leading the way on respective gains of 2.4% and 2.2%.
Volume leader CentrEnergo appreciated by 1.7% on turnover of UAH 3.8mn, and
Motor Sich picked up 1.4% to UAH 2414. Outside the UX basket, Kremenchuk-based
Krukiv Wagon jumped 5.6% to UAH 19.35, albeit on below-average volume. In
London, Ferrexpo continued to reclaim territory lost during May and June, rising
1.8% to near GBp 144. Warsaw-listed names were mixed with Agroton rising 5.0%
while Kernel edging down 0.4%.
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