Market comment

Обзоры рынка 05.09.2013 Ukrainian equities slumped in European trading on Wednesday, September 4, but snapped six straight sessions of losses in Kyiv. The WIG Ukraine Index of Warsaw-traded stocks fell 2.0%, pulled down by egg producer Ovostar (OVO PW -5.2%), whose shares have been volatile in recent sessions. Another big loser was dairy firm Milkiland (MLK PW -4.4%), which has plummeted 8.4% in four straight losing sessions. Farmer Agroton (AGT PW -3.9%) has lost 6.7% in two sessions. The Index’s most liquid stock, grain trader Kernel (KER PW), slid 2.9% yesterday. KSG Agro (KSG PW +3.0%) snapped its seven-session losing streak in which it dropped 18.4%. In London, investors kept dumping Regal Petroleum (RPT LN -4.8%), which has fallen 14.5% in two sessions. Egg producer Avangard (AVGR LI) declined 2.9%, while iron ore miner Ferrexpo (FXPO LN) slid 1.6%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks improved 0.8%, snapping a six-session loss streak in which 4.9% was shaved off its value. Leading the turnaround was electricity generator Centrenergo (CEEN UK +2.0%).