Market comment

Обзоры рынка 02.07.2014 Ukrainian equities continued sliding on Tuesday, July 1. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.8%, or 2.2% in two sessions. It biggest component, grain trader and sunflower oil producer Kernel (KER PW -2.3%), has fallen 3.0% in two sessions. Egg producer Ovostar (OVO PW) fell 2.7%. Outside the Index, oil and gas explorer Serinus Energy (SEN PW -1.4%) has dropped 6.1% in two sessions. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN) was unchanged for the second straight session. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.2%, weighed down by Yenakiyeve Steel (ENMZ UK -6.0%).