Market comment

Обзоры рынка 04.04.2014 With a few exceptions, traders were mostly selling Ukrainian equities on Thursday, April 3. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.9%, after rising 10.3% in three sessions, owing to selling in farmer Agroton (AGT PW -8.0%), dairy firm Milkiland (MLK PW -7.1%) and egg producer Ovostar (OVO PW -6.4%). The Index’s biggest component, grain trader and sunflower oil producer Kernel (KER PW +0.2%), has advanced 8.7% in four straight positive sessions. In London, the most widely traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN +1.1%), has risen 6.7% in five straight winning sessions. Bank of Georgia (BGEO LN +0.9%) has surged 12.3% over a seven-session hot streak to its highest price since its February 2012 debut. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 1.1%, pulled down by Avdiivka Coke (AVDK UK -3.2%).