Market comment

Обзоры рынка 27.02.2014 Investors were selling their Ukrainian equities in Warsaw but buying in Kyiv in trading on Wednesday, Feb. 26. The WIG Ukraine Index of Warsaw-traded stocks plunged 4.3%, or 5.7% in two sessions, weighed down by its biggest component, grain trader Kernel (KER PW -5.5%), which has plunged 8.6% in two sessions. Traders also shed their shares of egg producer Ovostar (OVO PW -8.0%) and farmer Industrial Milk (IMC PW -5.6%), which have fallen 10.4% in two sessions. Investors cashed in on coal miner Sadovaya (SGR PW -14.8%), which surged 68.8% in two sessions, and Coal Energy (CLE PW -14.4%), which surged 80.4% in four straight winning sessions. Outside the Index, investors cashed in on Serinus Energy (SEN PW –3.5%), which had risen 8.8% in three straight positive sessions. The biggest movers in London were Regal Petroleum (RPT LN +2.2%) and Cadogan Petroleum (CAD LN -2.2%). In Frankfurt, Mriya Agroholding (MAYA GR) jumped 14.3%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 2.6%, extending its hot streak to five sessions at a 28.6% gain and reaching its highest level since July 2012. Leading the advancers was Azovstal (AZST UK +6.5%), which has surged 43.9% in five straight winning sessions. UniCredit’s Ukrsotsbank (USCB UK +5.2%) has improved 28.6% in four straight winning sessions, while Raiffeisen Bank Aval (BAVL UK +4.0%) has surged 46.4% in five straight positive sessions.