Market Comment

Ukrainian equities underwent correction on Monday, Aug. 21. The WIG Ukraine Index of Warsaw-traded stocks rose 0.8%, a day after it slid 1.7%. It was led by sunflower oil maker Kernel (KER PW), which climbed 1.1% after dropping 2.2% in the previous session. Dairy producer Milkiland (MLK PW) improved 4.3% after falling 4.1% in the previous session. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) increased 1.4%, or 3.1% in two sessions. Egg producer Avangardco (AVGR LI) bounced 11.1% a day after plummeting 25.0%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 0.1% a day after it improved 0.2%.