Ukrainian stocks
saw a slight rebound on Friday (Jun 5) after steep losses the day before on
fears about a re-escalation of the Donbass war. The UX index recovered 0.4% to
close at 992 points. From a chart perspective, the benchmark suffered from its
failure to surpass the resistance level at 1020 points. Technical analysis logic
dominated on the market ahead of the expiration of UX futures contracts on Jun
15. In actively traded stocks, Motor Sich (MSICH) inched up 0.2% to UAH 2678
while CentrEnergo (CEEN) was unchanged at UAH 7.60 per share. In general the
market was in a quiet mode, with traders still waiting for signs of a hoped-for
2H15 economic recovery. In London, Avangard (AVGR) fell to a new all time low of
USD 1.50 on a drop of 3.5%, while MHP (MHPC) picked up 2.2% to USD 11.50.
Warsaw-listed Astarta (AST) gained 0.8% to PLN 28.50 after the company announced
a buyback program for up to 2,500,000 shares, which represents 10% of
outstanding shares. Ovostar (OVO) edged down 1.2% to PLN 80 on the nose.
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