Market Comment

Ukrainian stocks kicked off the week on a positive note on Monday, Jan. 23. The WIG Ukraine Index of Warsaw-traded stocks rose 0.1%, or 0.8% in three straight positive sessions, to its highest level since April 2013. The gains were led by sunflower oil producer Kernel (KER PW), which improved 1.0%, or 2.8% in three sessions. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) climbed 5.0%. Egg producer Avangardco (AVGR LI) jumped 5.7%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 0.2%, weighed down by power generator Donbasenergo (DOEN UK, -1.2%).