Kyiv-listed stocks posted a strong rebound on Monday (Jun 22) in line
with the overall rally on European bourses spurred by sudden renewed optimism
that the EU will provide another bailout for the Greek government, allowing the
country to avoid a default at the end of this month. The UX index added 2.1% to
close at 1028 points. All 10 index components finished in the black. In the
steel sector, Avdyivka Coke (AVDK) advanced by 2.7% to UAH 1.15 per share and
Azovstal (AZST) gained 1.9% to get back to 80 kopecks. Heavyweight Motor Sich
(MSICH) picked up 2.6% to UAH 2777. In second tier names, UkrSotsBank (USCB)
appreciated by 6.3% to 8.50 kopecks, trimming part of its big loss of about 20%
seen last week after a new share issue announcement. In London, MHP (MHPC)
jumped 7.8% to USD 11.00 while Ferrexpo (FXPo) retreated by 2.9%. Warsaw-listed
agro companies Kernel (KER) and Astarta (AST) picked up 2.6% and 5.1%
respectively, with the latter climbing back above PLN 30 per share for the first
time since the autumn of 2013.
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Please contact our office in Kyiv at 380-44-590-5454, or
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