Market comment

Обзоры рынка 29.08.2013 Following damage from the Russian trade conflict, Ukrainian equities have been taking another hit from the global concern over a U.S. invasion of Syria on Thursday, August 29. The WIG Ukraine Index of Warsaw-traded stocks dropped 1.8%, or 3.4% in two sessions. The hardest hit was sugar producer Astarta (AST PW -4.6%), which has lost 5.7% in two sessions. Farmer Agroton (AGT PW -3.6%) has fallen 9.7% in three sessions, and KSG Agro (KSG PW -1.3%) has slid 8.2% in three straight negative sessions. In London, nervousness of a U.S. invasion hit mining stocks, with among those affected iron ore miner Ferrexpo (FXPO LN -4.3%), which has declined 6.9% in two sessions. Farmers were also hit, led by egg producer Avangard (AVGR LI -2.0%) and poultry producer MHP (MHPC LI -1.8%), which has plummeted 13.7% in nine straight losing sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.5%, weighed down by electricity generator Donbasenergo (DOEN UK -2.7%), which has fallen 7.8% in two sessions.