Kyiv-listed
Ukrainian stocks were mixed on Tuesday (Feb 11), but the local benchmark ended
higher thanks to speculative activity in oil major UkrNafta. Externally, the DAX
blasted ahead by 2%, and the S&P 500 has now posted its biggest 4-day gain
in more than a year after jumping by more than 1% for a third straight session
on upbeat remarks on the state of the US economy from new central bank chief
Janet Yellen; both the German and US indices are back within striking range of
their all-time highs after being close to bear market territory just a week ago.
The UX index moved up by 1.2% to close at 905 points. UkrNafta, which shot up by
more than 100% in February last year on hopes of a multi-year dividend payout
that ultimately went unrealized (with the stock losing all of that gain), jumped
nearly 11% yesterday to UAH 148. Index heavyweights Motor Sich and CentrEnergo
picked up 2.7% and 1.1% respectively. In London, Ferrexpo gained a solid 4.5% to
above GBp 165 as global commodity stocks rallied.
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