Market comment

Обзоры рынка 31.08.2012 Ukraine’s UX index dropped for the sixth day running on Thursday as investors continued to be perturbed by lingering fears about global economic growth. The UX fell 1.6%, with seven of 10 blue chips in the red. The worst performers were electricity generators Donbasenergo (DOEN UK) -4.2% and Centrenergo (CEEN UK) -3.1%. Meanwhile, Poland’s WIG-Ukraine index shed 3.2%, with five of its components losing ground. The laggers on that platform were Kernel (KER PW) -6.5% following the release of slightly worse-than-expected 1H financials, and Westa (WES PW) -4.3%. In London, Cadogan Petroleum (CAD LN) put off 8.2% and Ferrexpo (FXPO LN) declined 7.8%. Consumer goods names there fared better though, with MHP (MHPC LI) adding 3.7% and Avangard (AVGR LI) rising 2.4%.