Market comment

Обзоры рынка 29.08.2014 Ukrainian equities collapsed on Thursday, Aug. 28 after the U.S. government confirmed the Russian army invaded Ukraine’s Donbas region. The WIG Ukraine Index of Warsaw-traded stocks plunged 3.2%, pulled down by Coal Energy (CLE PW -19.8%), which has collapsed 26.6% in three straight negative sessions to its lowest price since its August 2011 IPO, and farmer Agroton (AGT PW -13.8%), which has plummeted 19.6% in five straight losing sessions to its lowest price since July 2013. Car battery maker WESTA (WES PW -11.1%) has plunged 17.2% in three straight losing sessions to its lowest price since its June 2011 IPO. KSG Agro (KSG PW), which was suspended from trading in May, crashed 40.7%, or 71.3% in two sessions. The Index’s biggest component, grain trader and sunflower oil maker Kernel (KER PW), slid 2.2%. Outside the Index, oil & gas explorer Serinus Energy (SEN PW) plummeted 9.3%, or 15.2% in two sessions. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), plunged 4.7%. Europe’s top egg producer Avangardco (AVGR LI) dropped 5.5%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks collapsed 6.2%, weighed down by steel maker Azovstal (AZST UK -12.9%).