Market comment

Обзоры рынка 26.07.2013 Sharp buying and selling permeated the Ukrainian equities markets in trading on Wednesday, July 25. Traders ended a three-session win streak on the WIG Ukraine Index of Warsaw-traded stocks, which fell 0.7% owing to selling of grain trader Kernel (KER PW -1.9%). Yet investors found stocks worth buying, namely shares of egg producer Ovostar (OVO PW +5.1%), which have advanced 10.5% in two sessions, and farmer Agroton (AGT PW +3.3%), which have surged 17.5% in three straight positive sessions. A mining stock selloff in London prompted shares of iron ore miner Ferrexpo (FXPO LN) to plunge 5.7%, reducing its July gain to 24.0%. On the positive end, Bank of Georgia (BGEO LN) jumped 4.0% and JKX Oil & Gas (JKX LN +1.7%) has risen 10.4% in four straight winning sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks improved 1.3%, led by power generator Centrenergo (CEEN +4.8%), which reported doubled profit in 1H13. The stock has increased 6.3% in two sessions. Another GenCo, Donbasenergo (DOEN UK), rose 2.9% after reporting tripled 1H13 profit.