Kyiv-listed stocks continue to rebound on Monday (Jun 8), with the UX
index adding 1.8% to close at 1009 points. Among encouraging news, Finance
Minister Natalia Jaresko said she is convinced that Ukraine will receive USD
1.7bn in a second tranche of credit from the IMF even if no deal is tied up with
creditors to restructure sovereign Eurobond debt. In the UX basket, 9 out of 10
stocks finished higher, with the exception of DonbasEnergo (DOEN) which declined
by 1.2% to UAH 21.60. CentrEnergo (CEEN) and UkrNafta (UNAF) rose by 1.8% and
2.5% respectively, with the former closing at UAH 7.76. In London, Ferrexpo
(FXPO) slipped 2.9% to GBp 76.00 while MHP (MHPC) gained 1.7% to USD 11.70 on
the back of reports that the company is in talks with crop grower AgroKultural
to swap its land bank in Russia for a similar-sized land bank in Western
Ukraine. Warsaw-listed Ukrainian stocks started the new week lower; Kernel (KER)
inched down by 0.3% to PLN 38.30 and Astarta (AST) lost 0,9% to close at PLN
28.20.
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