Market comment

Обзоры рынка 23.03.2015 Kernel stock continued to carry the spotlight on Friday, March 20 in an otherwise dreary Ukrainian equity market. The WIG Ukraine Index of Warsaw-traded stocks rose 4.9%, extending its hot streak to four sessions at a 7.7% gain. Its biggest component, grain trader and sunflower oil maker Kernel (KER PW), jumped 8.2% to its highest price since February 2014. The stock has surged 24.6% in seven straight positive sessions. Dairy firm Milkiland (MLK PW) jumped 6.8%, finishing the week at a 6.0% gain. Outside the index, natural gas E&P Serinus Energy (SEN PW) fell 4.5%, concluding the week at a 7.5% loss. In London, the most actively traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN), inched up 0.4%, finishing the week at a 0.9% decrease. JKX Oil & Gas dropped 7.0%, concluding the week at a 6.7% loss. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 0.9%, finishing the week at a 2.0% loss. Power GenCo Donbasenergo (DOEN UK) slid 4.3%, concluding the week at an 18.5% plunge to its lowest price since September 2013.