Market comment

Обзоры рынка 13.10.2014 Ukrainian equities finished the week with big gains and losses on Friday, Oct. 10. The WIG Ukraine Index of Warsaw-traded stocks dropped 2.5%, finishing the week at a 2.9% decrease. Its biggest component, grain trader and sunflower oil producer Kernel (KER PW -1.8%), concluded the week at a 3.5% decline. The volatile shares of car battery maker WESTA (WES PW -7.1%) finished the week at a 10.3% drop. The more liquid shares of sugar maker Astarta (AST PW -4.3%) concluded the week at a 3.9% decline. In London, the most actively traded stock, iron ore miner and pellet maker Ferrexpo (FXPO LN -4.5%), has plunged 14.7% in four straight losing sessions to its lowest price since April 2009. Poultry producer MHP (MHPC LI -4.1%) finished the week at a 2.1% drop. Bank of Georgia (BGEO LN -1.2%) has fallen 5.3% in three straight negative sessions. JKX Oil & Gas (JKX LN -3.6%) has plummeted 7.8% in four straight losing sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 1.8%, snapping a six-session loss streak during which it fell 4.2%. Oil producer Ukrnafta (UNAF UK) surged 18.3% on Friday after announcing the distribution of its entire profit generated over the last three years in dividends. The stock concluded the week with a 10.5% gain.