Market comment

Обзоры рынка 18.12.2014 Investors ended the three-session selloff of Ukrainian equities on Wednesday, Dec. 17. The WIG Ukraine Index of Warsaw-traded stocks improved 1.5%, fueled by its largest component, grain trader and sunflower oil producer Kernel (KER PW +2.3%). Investors bottom-fished for dairy firm Milkiland (MLK PW), which jumped 8.9% after reaching its all-time low. Outside the index, investors snapped up natural gas explorer and trader Serinus Energy (SEN PW +11.7%), which had fallen 21.4% in five straight losing sessions. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), increased 1.0%, ending its five-session slide of 26.5%. Regal Petroleum (RPT LN) jumped 5.6% after declining 5.3% in the previous session. Investors continued shedding egg producer Avangardco (AVGR LI -0.4%), which has plunged 30.9% in two sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 3.0%, or 7.0% in three sessions, led by GenCo Donbasenergo (DOEN UK +3.7%), which has advanced 14.0% in three straight positive sessions.