Market comment

Обзоры рынка 13.05.2014 rading was mixed for Ukrainian equities on Monday, May 12. The WIG Ukraine Index of Warsaw-traded stocks was flat. There were some gains though: Milkiland (MLK PW + 4.5%), Industrial Milk Company (IMC PW +3.4%), and Agroton (AGT PW +3.1%). The Index’s biggest component, grain trader and sunflower oil producer Kernel (KER PW), slid 0.9% on the day. In London, the most actively traded stock, iron ore miner Ferrexpo (FXPO LN) gained 1.5%. Also doing well was Europe’s leading poultry meat producer MHP (MHPC LI) which was up 5.0% in the day to continue its upward trend gaining 19.5% in the last seven trading sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slipped 1.3% fueled by Raiffeisen Bank Aval (BAVL UK) which was down 2.7%.