Market comment

Обзоры рынка 07.05.2015 Ukrainian equities were a mixed bag on Wednesday, May 6. The WIG Ukraine Index of Warsaw-traded stocks improved 1.1%, or 2.8% in three straight positive sessions. Its gains have been driven by sugar producer Astarta (AST PW +2.6%), which has advanced 8.1% in three straight winning sessions. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) dropped 3.1%. Egg producer Avangardco (AVGR LI) jumped 8.7% after plummeting 8.0%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.7%, weighed down by steel maker Alchevsk Steel (ALMK UK -2.4%). On the fixed income market, some buying activity was noticed in banking paper, with the longer Eurobonds of State Savings Bank (OSCHAD 03’18) gaining 4% and the longer Eurobonds of Privatbank (PRBANK 02’18) gaining 6%.