Daily Insight-Global rally lifts local shares; April\'s BoP detailed

The local equity market, which has been trailing global macroeconomic developments quite closely, albeit slightly overshooting them along the way, yesterday soared by another high single-digit increase, with the UX stock index jumping 7.2% to 1,834 points and the PFTS index rocketing 9.5% to 723 points. Banking stocks such as Aval Bank (BAVL UK) and Ukrsotsbank (USCB UK) rose by 12.0% and 11.8%, respectively, on the day, followed by strong price performance by steel stocks as Azovstal (AZST UK) and Alchevsky (ALMK UK), which gained 11.6% and 11.9%, respectively. Trading volume in stocks at the UX amounted to UAH98.1m, up 28.6% from last Wednesday.