Market comment

Обзоры рынка 29.07.2014 Ukrainian equities offered investors big gains and losses to kick off the week on Monday, July 28. The WIG Ukraine Index of Warsaw-traded stocks slid 0.4%, or 0.7% over three straight losing sessions, weighed down by Coal Energy (CLE PW -4.6%). Other weights were farmer Agroton (AGT PW -3.0%) and egg producer Ovostar (OVO PW -2.8%). In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN -1.1%) has slid 2.1% in two sessions. JKX Oil & Gas (JKX LN -3.2%) has plummeted 20.7% in nine straight declining sessions to its lowest price in more than a decade. Poultry maker MHP (MHPC LI +4.3%) has rebounded 6.3% in two sessions after a three-session loss of 17.2%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks improved 3.0%, advancing 6.9% in four straight rising sessions to its highest level since May 2012. Fueling the gains has been oil producer Ukrnafta (UNAF UK +11.0%), which reported its EBITDA more than doubled in 1H14. Its shares have surged 25.8% in four straight positive sessions to their highest price since March 2012. Steel maker Azovstal (AZST UK) jumped 4.7% to its highest price since September 2012. Engine maker Motor Sich (MSICH UK +3.1%) has advanced 8.3% in two sessions to its highest price since May 2012.