Local Ukrainian stocks ended on a positive note on Tuesday (Oct 28)
as Finance Minister Oleksandr Shlapak said that the country’s GDP performance
rebounded by 4.5% MoM in September after two disastrous months in July and
August. The UX index rallied for a second straight session, adding 1.0% to close
at 1137 points. Azovstal (AZST) once again contributed the most points to the
gauge, surging by 8.0% to 82 kopecks per share. Among other active blue chips,
Raiffeisen Aval (BAVL) and CentrEnergo (CEEN) rose 2.6% and 1.0% respectively
while Motor Sich (MSICH) lost 1.2%. London-listed Avangard (AVGR) fell by 2.5%
to USD 6.30 despite reporting the start of egg products exports to the EU. MHP
(MHPC) also finished in the red, declining by 2.0% to USD 10.90. In Warsaw,
Kernel (KER) continued its post-election advance, rising by 3.3% to reclaim the
PLN 26 level.
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