Market Comment

Ukrainian stocks followed their European peers in declining on Wednesday, May 4. The WIG Ukraine Index of Warsaw-traded stocks fell 2.0%, weighed down by its biggest components, sugar maker Astarta (AST PW) and sunflower oil producer Kernel (KER PW), both of which dropped 2.7%. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN), decreased 2.7%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 1.2%, led by Avdiyivka Coke (AVDK UK, +6.3%).

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