Market comment

Обзоры рынка 21.08.2014 Ukrainian equities remained subdued on Wednesday, Aug. 20. The WIG Ukraine Index of Warsaw-traded stocks increased 0.3%, led by farmer Industrial Milk (IMC PW +3.6%). The Index’s biggest component, grain trader and sunflower oil maker Kernel (KER PW), rose 0.3%. The biggest decliner was dairy firm Milkiland (MLK PW -7.1%), which has fallen 9.3% in three straight negative sessions to its lowest price since its December 2010 IPO. Car battery maker WESTA (WES PW) plunged 6.5% to its lowest price since its June 2011 IPO. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), gained 0.6%. Europe’s top egg producer Avangardco (AVGR LI) plunged 7.7%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 0.5%, bolstered by engine maker Motor Sich (MSICH UK +3.1%), which has advanced 10.5% in five straight winning sessions.