Market Comment

Ukrainian stocks concluded a calm week the same way on Friday, July 22. The WIG Ukraine Index of Warsaw-traded stocks rose 1.1%, concluding the week at a 2.9% increase. Friday’s gain was led by its biggest component, sugar producer Astarta (AST PW), which improved 1.5% and finished the week at a 0.4% rise. Its second biggest component, sunflower oil producer Kernel (KER PW), increased 0.8%, finishing the week at a 7.3% advance. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), fell 1.3%, concluding the week at a 2.5% drop. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.6%, finishing the week at a 0.9% decrease.