Kyiv-listed
equities were sharply higher in morning trading on Friday (Jun 27) before giving
up the gains around noon and ending the session mostly in negative territory
ahead of the long Constitution Day weekend. Monday (Jun 30) trading on the main
global bourses was flat to mixed in line with the recent pattern of
water-treading, as markets wait to see how the escalation of conflict in Iraq
plays out. The UX index edged down 0.6% to close at 1227 points after hitting an
intraday high above 1250. Among the top liquid names, UkrNafta was the loss
leader on a 3.2% decline to near UAH 247, while Motor Sich and CentrEnergo fell
by 1.0% and 1.2% respectively, with the former finishing at UAH 2421. On the
upside, DonbasEnergo and Azovstal edged higher by about half a percent each.
Outside the UX basket, Mariupol Heavy Machinery continued to swing wildly,
falling by 17% after a large gain earlier in the week. In Warsaw-listed agro
stocks on Monday, cheese producer Milkiland sold off by 3.1% to PLN 6.96, while
crop grower IMC slipped 0.9% to PLN 10.24.
full report
