End of week downturn for Ukrainian stocks continues on Monday - Business - News - Ukraine Business Online:
"“An ongoing selloff in Kernel stock cast a pall over Ukrainian equities on Monday, October 28. The WIG Ukraine Index of Warsaw-traded stocks dropped 3.3%, or 9.5% in two sessions. The biggest factor has been grain trader Kernel (KER PW -7.3%), which has plummeted 21.0% in two sessions after reporting disappointing FY2013 earnings and a negative outlook for next year. The second most liquid Ukrainian stock has reached its lowest price in more than three years and ten months. Investors were also dumping their shares of farmer Industrial Milk (IMC PW -7.3%), which hit their lowest price since July. In London, JKX Oil & Gas (JKX LN +2.5%) has gained 3.5% in two sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 1.3%, pulled down by Centrenergo (CEEN UK -2.5%) and Azovstal (AZST UK -2.4%), which has fallen 4.3% in two sessions. Raiffeisen Bank Aval (BAVL UK +0.7%) has advanced 14.8% in five straight positive sessions.”"
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