Market Comment

Ukrainian equities enjoyed modest gains on Thursday, June 22. The WIG Ukraine Index of Warsaw-traded stocks rose 0.9%, led by sunflower oil producer Kernel (KER PW, +1.0%), which has advanced 4.7% in four straight positive sessions. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) improved 0.6%, or 3.9% in two sessions. Natural gas E&P Regal Petroleum (RPT LN) jumped 10.5%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 1.6%.