Market Comment

Ukrainian equities followed the market downwards amid concern over the Deutsche Bank penalty on Tuesday, Sept. 27. The WIG Ukraine Index of Warsaw-traded stocks fell 2.0%, weighed down by sunflower oil producer Kernel (KER PW, -3.8%). Farmer Agroton (AGT PW) plunged 9.2%, or 17.0% in three negative sessions. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) slid 2.9%, or 8.3% in two sessions. Egg producer Avangardco (AVGR LI) dropped 6.7% on profit-taking after the stock skyrocketed more than 50%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 1.5%, weighed down by Ukrnafta (UNAF UK, -6.9%).