Market Comment

Ukrainian equities were across the board on Thursday, May 21. The WIG Ukraine Index of Warsaw-traded stocks improved 0.3%, or 1.5% in three straight positive sessions. It was propped up by sugar maker Astarta (AST PW +0.8%) and dairy firm Milkiland (MLK PW +2.2%). KDM Shipping (KDM PW) plunged 10.0% to its lowest price since its August 2012 IPO. Farmer Industrial Milk (IMC PW) dropped 4.3% to its lowest price since its May 2011 IPO. In London, the most actively traded Ukrainian stock, iron ore miner Ferrexpo (FXPO LN), increased 1.4%. Egg producer Avangardco (AVGR LI) plummeted 5.6%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 1.1%, pulled down by Avdiyivka Coke (AVDK UK -3.2%).