Market Comment

Ukrainian equities extended their slump on Thursday, Sept. 20. The WIG Ukraine Index of Warsaw-traded stocks fell 1.5%, extending its cold streak to five sessions at a 6.6% drop. It was pulled down by sugar maker Astarta (AST PW), which declined 3.5%, extending its loss streak to five sessions at a 9.4% plunge. Farmer Agroton (AGT PW) slid 4.3%, or 16.7% in three sessions. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) fell 5.1%. JKX Oil & Gas (JKX LN) jumped 6.1%. The only positive trends came from Kyiv, where the Ukrainian Exchange (UX) Index climbed 0.2%, extending its hot streak to four sessions.