Locally-listed Ukrainian equities corrected moderately on Tuesday
(Jul 29) after their sharp run-up of recent days, while European shares shook
off the announcements of new EU sanctions against Russia thanks to solid
corporate earnings data. The UX index edged down 0.6% to close at 1337 points.
Avdyivka Coke was the biggest mover, dropping 3.4% after news of another
war-related stoppage at its main plant north of Donetsk. Azovstal and Raiffeisen
Aval declined by 1.9% and 1.1% respectively, while Motor Sich inched up 0.2% to
end at UAH 2800 on the nose. Outside the UX basket, Stirol fell 10.2% to amid
very heavy fighting in the company’s home base of Gorlovka. In London, MHP gave
up its rebound from Monday’s session, dropping 3.3% to USD 12.85, and Ferrexpo
was little-changed near GBp 140.
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