Ukraine's UX index peaks since year-start

Photo from Ukrainian Stock Exchange

According to Executive Director of Univer investment group Oleksiy Sukhorukov, the growth of the index has been propped up by positive expectations of market participants regarding issuers' financial statements and dividend payments.

Sukhorukov also reckons that the overall macroeconomic stabilization in the country, the strengthening of the hryvnia, a decrease in the yield on government bonds and deposits must have had a positive effect on the index too.

As UNIAN reported earlier, index of Ukrainian UX stock exchange on March 24 collapsed by 8.24% to 530.69 points, updating a 6-year low.

The index includes shares of Raiffeisen Bank Aval, Motor Sich, Centrenergo, Ukrnafta and Donbassenergo.