Market comment

Обзоры рынка 19.09.2012 Ukraine’s UX index headed lower for the second straight day on Tuesday as confidence in the region fell. The UX shed 2.4%, while neighboring Russia’s RTS dropped 2.2%. All ten local blue chips were in the red; the worst performer was Azovstal (AZST UK) -3.6%. In Warsaw, the WIG-Ukraine index retreated 0.9%, driven by losses in Milkiland (MLK PW) -3.5% and Westa (WES PW) -3.9%. In London, most Ukrainian equities also finished lower, including Ferrexpo (FXPO LN) -4.0%, JKX Oil & Gas (JKX LN) -3.1% and Cadogan Petroleum (CAD LN) -3.1%.