Market comment

Обзоры рынка 29.08.2012 Ukraine’s UX index’s slump hit four days on Tuesday as markets drifted on increasing concern about the Spanish economy and as they awaited a key speech by US Federal Reserve Chairman Ben Bernanke on Friday. The UX fell 2.8% yesterday, which put its five day dip at 5.8%. Nine of the 10 local blue chips were down. In Warsaw, the WIG-Ukraine index dropped 0.8% (-0.7% in the last five days). Six of its 11 index components lost ground, led by Agroton (AGT PW) -2.5% and Westa (WES PW) -2.2%. In London, Cadogan Petroleum (CAD LN) -2.4% and Ferrexpo (FXPO LN) -1.6% fell, but JKX Oil & Gas (JKX LN) added 3.3%.