Market Comment

Ukrainian stocks remained frozen on Thursday, June 23 ahead of the Brexit vote. The WIG Ukraine Index of Warsaw-traded stocks was unchanged, as were its biggest components Astarta (AST PW) and Kernel (KER PW). In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) increased 2.4%. Traders took their profit from egg producer Avangardco (AVGR LI), which fell 5.2% after gaining 5.5%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.4%, weighed down by GenCo Donbasenergo (DOEN UK, -2.7%).