Market comment

Обзоры рынка 15.08.2013 Ukrainian equities were largely in line with gains on the European and Russian stock exchanges in trading on Wednesday, August 14. The WIG Ukraine Index of Warsaw-traded stocks increased 0.3%, led by egg producer Ovostar (OVO PW +6.3%), which has advanced 9.1% in three straight winning sessions. Sugar producer Astarta (AST PW +1.2%) has improved 6.5% in seven straight positive sessions. On the downside, traders extended the correction of farmer Agroton (AGT PW -7.0%), which has fallen 9.7% in two sessions after advancing on a bond restructuring announcement. In London, Bank of Georgia (BGEO LN) surged 5.6% after the release of its second-quarter earnings. The biggest traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN) slid 2.0%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 0.6%, fueled by Donbasenergo (DOEN UK +1.7%).