Market comment

Обзоры рынка 13.11.2014 Fear of escalated warfare extended the selloff of Ukrainian stocks for an eighth straight session on Wednesday, Nov. 12. The WIG Ukraine Index of Warsaw-traded stocks slid by a thousandth of a percentage point, deepening its loss streak to seven sessions at an 18.7% loss. Its biggest component, grain trader and sunflower oil maker Kernel (KER PW -0.5%), has plummeted 13.2% in seven straight negative sessions. Dairy firm Milkiland (MLK PW) plunged 5.3% to its lowest price since its December 2010 IPO. The volatile shares of Coal Energy (CLE PW) surged 11.1%. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), improved 1.1%, or 3.0% in two sessions. Real estate firm DUPD (DUPD LN) plummeted 5.3%, while poultry producer MHP (MHPC LI) dropped 5.1%. Egg producer Avangardco (AVGR LI) remained unchanged at its lowest price since its April 2010 IPO. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks declined 1.5%, deepening its loss streak to five sessions at an 11.7% drop. Alchevsk Steel (ALMK UK -10.1%) has crashed 28.1% in five straight losing sessions to its lowest price since the index’s debut in March 2009. The Ukrainian hryvnia slightly strengthened on Wednesday to 16.05/USD, after it found a new low at 16.25/USD in its six-session decline.