Market comment

Обзоры рынка 18.02.2014 Ukrainian equities enjoyed a surge in demand to kick off the week on Monday, Feb. 17 as investors engaged in bottom-feeding. The WIG Ukraine Index of Warsaw-traded stocks jumped 3.1%, fueled by demand for its biggest component, grain trader and sunflower oil producer Kernel (KER PW +3.4%), which has gained 6.4% in four straight positive sessions. The thinly traded shares of car battery maker WESTA (WES PW) surged 18.4%, while farmer Industrial Milk (IMC PW) jumped 11.7% after plummeting 12.5% in six straight negative sessions since December 2011. Dairy firm Milkiland (MLK PW +7.7%) has advanced 9.5% in two sessions. In London, poultry producer MHP (MHPC LI -4.3%) has fallen 5.5% in two sessions, while egg producer Avangardco (AVGR LI +3.3%) has improved 7.3% in three straight positive sessions. Iron ore miner Ferrexpo (FXPO LN +0.9%) has risen 8.3% in five straight gaining sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 0.2%, led by UniCredit’s Ukrsotsbank (USCB UK +2.9%).