Ukrainian stocks
rebounded on Thursday (Dec 11), trimming part of their losses from earlier in
the week on widely spread information that the country needs additional funding
to avoid default. The UX index rose by 1.2% to close at 943 points. Electricity
names led the growth, with DonbasEnergo (DOEN) gaining 3.9% and CentrEnergo
(CEEN) adding 1.2% on combined turnover of UAH 1.2mn, while Raiffeisen Aval
(BAVL) picked up 1.7% to 9.70 kopecks per share. Meanwhile, low-liquidity
Avdyivka Coke (AVDK) and Krukiv Wagon (KVBZ) retreated by 3.1% and 1.2%
respectively. Outside the UX basket, DniproEnergo (DNEN) dropped by 4.3% to UAH
597. Ukrainian stocks listed in London remained under pressure, with Ferrexpo
(FXPO) sliding below the GBp 60 level on a drop of 6.0%. In Warsaw trading,
Kernel (KER) climbed 2.0% to after the company approved a dividend of 25 cents
per share. Astarta (AST) was nearly flat near PLN 18.50.
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