Market Comment

Ukrainian stocks kept hitting new highs in Warsaw on Thursday, July 28. The WIG Ukraine Index rose 0.9%, or 3.2% in two sessions, to its highest level since January 2014. The gains were driven by sunflower oil producer Kernel (KER PW), which improved 1.5%, or 4.9% in two sessions, to its highest price since March 2013. Traders extended the hot streak of farmer Agroton (AGT PW), which increased 2.0%, or 43.7% in four sessions, to its highest level since October 2014. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) surged 7.7%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 0.5%, or 0.9% in two sessions.