Market comment

Обзоры рынка 20.08.2013 Investors continued dumping their Ukrainian equities in trading on Monday, August 19 based on rising interest rate jitters in Europe and the Russian trade conflict. The WIG Ukraine Index of Warsaw-traded stocks fell 2.2%, with the declines led by car battery maker WESTA (WES PW -9.2%) and farmer Agroton (AGT PW -3.7%), which has plummeted 15.8% in four straight decreasing sessions. Another farmer that also has lost ground is Kernel (KER PW -2.9%), which has slid 8.4% in three straight negative sessions to tie its one-year low. In London, mining firms tracked dropping metal prices, causing shares of iron ore miner Ferrexpo (FXPO LN) to fall 4.0%. Poultry producer MHP (MHPC LI -1.1%) has lost 5.4% in three sessions. Among the few gainers was egg producer Avangard (AVGR LI +3.7%), which was the target of bargain-hunting after plunging 6.9% in the prior session. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.4%, weighed down by Donbasenergo (DOEN UK -1.0%), which will have its majority stake auctioned today.