Ukrainian equities listed in Kyiv rebounded on Thursday (Jul 23)
after a five-session losing streak. The UX index rose 0.8% to close at 977
points. Heavyweight Azovstal (AZST) added the most points to the gauge, rising
3.2% to 77 kopecks on a very thin trading volume. Raiffeisen Aval (BAVL) was
little-changed despite the EBRD board’s approval of a capital injection into the
Austrian-owned bank in exchange for an unspecified equity stake. UkrNafta (UNAF)
edged down by half a percent to UAH 291, as the stock has a strong resistance
line at UAH 300 from a chart perspective. London-listed Ferrexpo (FXPO) lost
1.8% to close at GBp 55.75, while in Warsaw trading, Astarta (AST) corrected by
1.1% to PLN 36.50 after a strong rally over the last two weeks. Kernel (KER)
continued to push higher into territory not seen since the pre-EuroMaidan months
of 2013, adding 0.7% to PLN 44.80. Low-liquidity Milkiland (MLK) advanced by
4.6% to PLN 1.36 per share.
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