Local Ukrainian blue chips were generally higher on Thursday (May 15)
despite negative sentiments on global markets, which declined after
worse-than-expected industrial output data from the US along with news of rising
bad loans in China. The UX index added 1.0% to close at 1074 points, driven by
Motor Sich, which jumped 2.7% to UAH 1788. Low-liquidity issue Avdyivka Coke
picked up 2.0% while volume leader DonbasEnergo gained 1.0% on turnover of UAH
2.4mn; UkrNafta was little-changed near UAH 235. Outside the UX basket,
KrymEnergo, the Rinat-Akhmetov controlled electricity supplier to the former
Ukrainian province of Crimea, saw some action, adding 9.5% to UAH 2.08. In
London, Ferrexpo continued its sluggish behavior, finishing unchanged, while
Avangard moved up 2.6% to just below USD 9.
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