Market comment

Обзоры рынка 21.08.2013 Investors extended the sell-off of Ukrainian equities into its third consecutive session on Tuesday, August 20. The WIG Ukraine Index of Warsaw-traded stocks dropped 0.7%, or 4.3% in the last three sessions. The biggest decliner was Milkiland (MLK PW -3.0%), followed by coal miners Sadovaya (SGR PW -1.9%) and Coal Energy (CLE PW -1.8%). The latter has lost 6.1% in three straight negative sessions. Food producer Agroton (AGT PW -1.7%) has slid 8.4% in three straight losing sessions, while grain trader Kernel (KER PW -0.6%) has fallen 7.4% in three straight declining sessions. In London, Bank of Georgia (BGEO LN -2.8%) has slid 4.0% in two sessions while poultry producer MHP (MHPC LI -1.1%) has dropped 6.5% in four straight negative sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 0.3%, pulled down by Raiffeisen Bank Aval (BAVL UK -0.7%) and Unicredit’s Ukrsotsbank (USCB UK -0.7%).