Market Comment

Ukrainian stocks joined the global selloff on Monday, March 27. The WIG Ukraine Index of Warsaw-traded stocks was unchanged for the second straight session, weighed down by sunflower oil maker Kernel (KER PW), which fell 0.9%, or 4.0% in five straight losing sessions. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) dropped 6.3%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks improved 0.5%, or 4.7% in three straight winning sessions, to its highest level since September 2015. It was pulled by Raiffeisen Bank Aval (BAVL UK), which rose 2.8%, or 24.2% in three straight positive sessions, to its highest price in more than five years.