Local Ukrainian stocks ended higher on Wednesday (Nov 19) but failed
to fully break out of the sideways trend that started last week. The UX index
climbed by 1.2% to close at 993 points, briefly touching the 1000 level during
the session. Metallurgy stocks rose considerably, with Advyivka Coke (AVDK) and
Alchevsk Steel (ALMK) surging by 6.0% and 4.3% respectively, and volume leader
UkrNafta picked up 3.1% on turnover of UAH 2.9mn. Motor Sich (MSICH) held the UX
back from a larger gain with its decline of 0.6% to UAH 2037. In the utility
sector, CentrEnergo (CEEN) and DonbasEnergo (DOEN) added 1.1% and 1.8%
respectively. In London, JKX Oil&Gas (JKX) crashed through its all-time low,
sliding a further 10.8% to GBp 29, while lower-liquidity name Regal Petroleum
(RPT) regained part of its Tuesday losses, advancing 4.5% to GBp 5.75.
Warsaw-listed Kernel (KER) dropped 3.3%, while Astarta (AST) posted an increase
of 0.4% to PLN 19.02.
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