Market Comment

Investors shed their Ukrainian stocks on the European exchanges on Monday, Nov. 23. The WIG Ukraine Index of Warsaw-traded stocks declined 0.8%, weighed down by its biggest component, grain trader and sunflower oil producer Kernel (KER PW, -2.9%). Coal Energy (CLE PW) plunged 9.1%. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), dropped 6.6%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks rose 1.7%, extending its hot streak to three sessions at a 6.5% gain. The gains have been led by power GenCo Centrenergo (CEEN UK), which increased 2.6%, extending its hot streak to three sessions at a 6.9% advance. Steel maker Azovstal (AZST UK) rose 2.2%, or 17.0% in two sessions.

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