Ukraine’s main equity index ended little-changed on Tuesday (Jul 1)
on a day that saw total war erupt in a number of cities in the Donbass provinces
of Eastern Ukraine after the expiration of a 10-day government ceasefire. The
terms of the offer from President Poroshenko were unsurprisingly rejected by
pro-Russian paramilitaries in the region, and conflicting reports emerged
through the day about the success, or lack thereof, of the pro-Ukrainian
operations in the city of Donetsk. Externally, the S&P 500 moved to another
new all-time high within striking distance of the 2000 point level, and the main
European indices were up by more than half a percent, as investors continue to
shrug off the risks associated with the new round of Iraq violence thanks to
improving economic growth data. The UX index inched down 0.2% to close at 1224
points. Low-liquidity blue chip Yenakievo Steel was the only notable mover,
dropping 6.0% to 42.01 in action that may or may not have represented real
trading. Raiffeisen Aval and UkrNafta edged up by 0.5% and 0.8% respectively
while CentrEnergo was flat at UAH 7.34. In Warsaw, agro names Astarta, Kernel
and Ovostar were all in the loss column, dropping by 2.3%, 2.7% and 2.3%
respectively.
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