The UX index shed 0.8% to close at 1017 points on Wednesday (Jun 24)
after a lack of any notable new results from talks held between the foreign
ministers of France, Germany, Ukraine and Russia regarding the conflict in
eastern Ukraine. A statement released by French Foreign Minister Laurent Fabius
on behalf of the participants called once again for de-escalation of hostilities
to allow progress on political aspects of the peace deal. This month has seen a
pickup in the frequency of ceasefire violations reported by both sides. Among
Kyiv-listed stocks, Motor Sich (MSICH) climbed 0.5% to UAH 2790 per share while
UkrNafta (UNAF) retreated by 1.7% to UAH 283. Raiffeisen Aval (BAVL) dropped
1.5% to slip back below 9 kopecks. In London, Avangard (AVGR) edged down 0.7% to
another new all time low of USD 1.39 after its related-party Financial
Initiative Bank was declared insolvent by the NBU. Warsaw-listed Astarta (AST)
rose 4.0% to close at PLN 31.00.
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