Astarta decline pulls WIG Ukraine into negative territory
KYIV, July 22, 2016 (UBO) – As summer temperatures heat up, interest in Ukrainian stocks cool down although some ag stocks – Agroton in particular – continue to show strength. Concorde Capital provides details in its daily market comment below:
Ukrainian equities cooled off in trading on Thursday, July 21. The WIG Ukraine Index of Warsaw-traded stocks slid 0.4%, weighed down by its biggest component, sugar producer Astarta (AST PW -1.5%). Farmer Agroton (AGT PW) advanced 5.1%, or 20.8% in two sessions, to its highest price since February 2015. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) decreased 0.6%. Egg producer Avangardco (AVGR LI) dropped 4.8%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 0.4%.
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