Market comment

Обзоры рынка 10.11.2014 Investors extended the Ukrainian equity selloff in Warsaw for the fifth straight session on Friday, Nov. 7. The WIG Ukraine Index of Waraw-traded stocks plunged 5.9%, or 14.7% in five sessions, to its lowest level since its December 2010 debut. Its biggest component, grain trader and sunflower oil maker Kernel (KER PW -3.6%), has declined 10.5% in five straight negative sessions. Sugar maker Astarta (AST PW) plummeted 14.9%, or 29.0% in the week ended Nov. 7, to its lowest price since July 2009. Dairy producer Milkiland (MLK PW -1.9%) plunged 19.3% the week ended Nov. 7 to its lowest price since its December 2010 IPO. Farmer Agroton (AGT PW -0.7%) has plummeted 26.9% in six straight losing sessions to its lowest price since July 2013. In London, the most actively traded Ukrainian stock, iron ore miner Ferrexpo (FXPO +1.7%), finished the week at a 5.1% loss. Bank of Georgia (BGEO LN -1.8%) has slid 11.8% in five straight losing sessions. In Frankfurt, Mriya Agroholding (MAYA GF +2.6%) has more than doubled in a five-session surge. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 0.6%, concluding the week at a 2.1% decline. Its biggest mover last week was Yenakiyeve Steel (ENMZ UK -0.5%), which dropped 10.8% the week ended Nov. 7.