Market comment

Обзоры рынка 18.03.2014 Ukrainian equities kicked off the week in brisk demand on Monday, March 18 as investors snapped up bargains. The WIG Ukraine Index of Warsaw-traded stocks surged 6.9%, fueled by its biggest component, grain trader and sunflower oil producer Kernel (KER PW +7.4%), which has advanced 11.1% in three straight winning sessions. The stock is still at its lowest price since May 2009. Car battery maker WESTA (WES PW) surged 13.0% after losing 14.8% in three straight negative sessions. Sugar maker Astarta (AST PW) surged 10.2% after collapsing 22.9% in eight straight losing sessions. Farmer Agroton (AGT PW) plummeted 10.2%. Outside the Index, Serinus Energy (SEN PW) jumped 3.9%. In London, the most widely traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN) gained 2.4%. Poultry producer MHP (MHPC LI +2.9%) has increased 5.3% in two sessions. Investors found a bargain in Bank of Georgia (BGEO LN +2.8%), which crashed 7.3% in the prior session. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.9%, weighed down by UniCredit’s Ukrsotsbank (USCB UK -6.8%). Power GenCo Donbasenergo (DOEN UK -1.7%) has plunged 11.6% in five straight losing sessions. Outside the Index, Kryukiv Railcar (KVBZ UK) dropped 14.9%.