Market comment

Обзоры рынка 06.02.2015 Ukrainian stocks extended their gains on Thursday, Feb. 5. In London, the most actively traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN), increased 1.4%, extending its win streak to four sessions at a 8.0% advance. JKX Oil & Gas (JKX LN) skyrocketed 24.3%, extending its hot streak to four sessions at an 80.4% surge. Egg producer Avangardco (AVGR LI) plunged 4.3%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 2.4%, extending its win streak to three sessions at a 4.2% gain. Oil producer Ukrnafta (UNAF UK) jumped 7.4%, extending its hot streak to six sessions at a 12.6% advance. The WIG Ukraine Index of Warsaw-traded stocks slid 1.1%, weighed down by its biggest component, grain trader and sunflower oil Kernel (KER PW -1.7%). Ukraine’s central bank made a bold move to officially devalue the hyrvnia by 7.1% in one day to UAH 18.0/USD, which did not help the official exchange rate get closer to the rate on the market, where the hryvnia fell about 7.4% to UAH 24.9/USD.