Market comment

Обзоры рынка 30.10.2013 Investors gave Ukrainian equities relief upon ending their selloff of Kernel stock at the Tuesday, October 29 session. The WIG Ukraine Index of Warsaw-traded stocks rose 0.7% owing to demand for grain trader Kernel (KER PW +4.4%), which plunged 21.0% in two days after reporting disappointing FY2013 earnings and weak FY2014 expectations. Food producer Agroton (AGT PW) improved 3.5%, while sugar producer (AST PW -2.8%) has lost 3.8% in three straight negative sessions. In London, Regal Petroleum (RPT LN) dropped 4.1%, while JKX Oil & Gas (JKX LN +1.4%) has risen 5.0% in three straight winning sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.3%, pulled down by Azovstal (AZST UK -1.4%), which has fallen 5.6% in three straight negative sessions. Outside the Index, chemical producer Stirol (STIR UK) jumped 5.8%.