Kyiv-listed
stocks rebounded from their opening-week slide on Tuesday (Apr 8) after Donetsk
industrialist Rinat Akhmetov confirmed his support for the region as part of
Ukraine in a surprise meeting with pro-Russian activists who have taken over the
provincial administration building. Meanwhile, the main global indices were
little-changed, although US tech names recovered modestly from Monday’s selloff.
The UX index added 2.8% to close at 1084 points, with all 10 blue chips firmly
in the black. DonbasEnergo rose 4.7% to UAH 42.70, and top liquid names Motor
Sich and UkrNafta picked up 3.6% and 4.2% respectively. Akhmetov-controlled
Yenakievo Steel and Azovstal saw the smallest gains of the index basket
components at around 1.5% each. In London, Ferrexpo was down by 3% intraday but
recovered to finish nearly unchanged, while in Frankfurt, sporadically-traded
TMM Real Estate fell 8.5% to EUR 0.247.
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