Ukrainian stocks extended their slump on Tuesday, Sept. 15. The WIG Ukraine Index of Warsaw-traded stocks decreased 1.3%, extending its cold streak to four sessions at a 3.0% loss. It was weighed down by grain trader and sunflower oil maker Kernel (KER PW), which dropped 2.2%. Sugar producer Astarta (AST PW) fell 1.9%, extending its loss streak to five sessions at a 10.3% plunge.
Natural gas E&P Serinus Energy (SEN PW) declined 4.6%, or 10.0% in two sessions. In London, the most actively traded Ukrainian stock, iron ore miner and pellet maker Ferrexpo (FXPO LN), decreased 2.2%. Investors continued to bottom-fish for egg producer Avangardco (AVGR LI), which surged 29.6%, or 52.2% in two sessions, after plummeting to its all-time low. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 1.6%, or 2.4% in three straight negative sessions. It was pulled down by Alchevsk Steel (ALMK UK), which dropped 3.5%, or 6.8% in three straight losing sessions.
Written by Yuriy Tovstenko