Market Comment

Ukrainian stocks began to cool off in trading on Thursday, July 14. The WIG Ukraine Index of Warsaw-traded stocks rose 0.6%, extending its win streak to six sessions at a 5.2% advance. It has reached its highest level since February 2014. The gains were led by its biggest component, sugar producer Astarta (AST PW), which increased 1.3%. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) decreased 1.3%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.4%, pulled down by oil producer Ukrnafta (UNAF UK, -1.6%).