Market comment

Обзоры рынка 18.09.2012 The local Ukrainian Exchange took a breather on Monday, as equity investors regrouped following last week’s stimulus announcements by the ECB and US Fed. The UX closed down 0.6%, after rising 8.9% on Friday. Seven of the 10 blue chips were in the red, led by Raffeisen Bank Aval (BAVL UK) -2.2%. In Warsaw, the WIG-Ukraine index advanced 1.8%, driven by gains in Agroton (AGT PW) +11.5% and Ovostar Union (OVO PW) +5.2%. Most Ukrainian stocks traded on the London Stock Exchange also had a tough day, with Avangard (AVGR LI) down 5.7% and Cadogan Petroleum (CAD LN) off 4.3%.