Market Comment

Ukrainian stocks were mostly on the selling block on Tuesday, May 24. The WIG Ukraine Index of Warsaw-traded stocks fell 1.2%, weighed down by its biggest component, sugar maker Astarta (AST PW), which dropped 2.8%, or 7.9% in three straight losing sessions. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) rose 2.5%. Traders took their profit from natural gas E&P Regal Petroleum (RPT LN), which slid 10.7% after surging 60.0 % in three sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks decreased 3.4%, or 5.3% in three straight negative sessions. The index was pulled down by power generator Centrenergo (CEEN UK), which plunged 9.9%, or 11.5% in three straight negative sessions.