Market comment

Обзоры рынка 30.01.2014 Ukrainian equities fell on Wednesday, Jan. 29 after interest rate hikes in emerging markets such as Turkey failed to halt their currency slides. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.2%, weighed down by its biggest component, grain trader Kernel (KER PW -2.2%). KSG Agro (KSG PW -4.8%) has lost 6.7% in two sessions. In London, iron ore miner Ferrexpo (FXPO LN -1.9%) failed to gain from improved production figures reported by Anglo American. Bank of Georgia (BGEO LN) jumped 3.7% after sliding 11.1% in four straight declining sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 1.0%, led by Azovstal (AZST UK +3.9%) and Raiffeisen Bank Aval (BAVL UK +3.4%), which has advanced 8.7% in three straight positive sessions. Outside the Index, Ukrtelecom (UTLM UK) jumped 7.2% while chemical firm Stirol (STIR UK) fell 3.5% and Kryukiv Railcar (KVBZ UK) dropped 3.2%.