Market comment

Обзоры рынка 12.05.2014 Ukrainian equities were down slightly on Friday, May 9 after posting modest gains on Thursday's trading. The WIG Ukraine Index of Warsaw-traded stocks slid 1.0% after gaining 1.8% on Thursday. Leading the downturn were Agroton (AGT PW -6.3%) and egg producer Ovostar (OVO PW 5.8%). Also trailing were Coal Energy (CLE PW -3.9%) and Milkiland (MLK PW -3.1%). The index’s biggest component, grain trader and sunflower oil producer Kernel (KER PW) was down 0.4%, finishing the week up 1.9%. In London, the most widely traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN -0.2%), finished an almost flat week at a 0.2% loss. The gainer for the day was property developer DUPD (DUPD LN) gaing 5.0%. Doing not so well on the day were egg producer Avangardco (AVGR LI -3.1%) and Bank of Georiga Holdings (BGEO LN -3.0%). The Ukrainian Exchange (UX) Index of Kyiv-traded stocks was closed on Friday due to the Victory Day holiday. On Thursday, the index rose 0.4%. The best performer of that day was Alchevsk Iron & Steel (ALMK UK) gaining 3.6%. Most of the other stocks had very moderate gains or losses.