Market comment

Обзоры рынка 16.01.2013 Ukrainian stocks fell in line with the global equity drop on Tuesday, Jan. 15, which was caused by U.S. Treasury Secretary Timothy Geitner’s warning that the U.S. government could hit its debt ceiling by mid-February or early March. The Ukrainian Exchange (UX) Index fell 2.8%, led by Avdiivka Coke (AVDK UK -4.9%). Ukrsotsbank (USCB UK -2.5%) plunged to its lowest price in more than three years. In Warsaw, the WIG-Ukraine Index slid 1.1%, led by mining firm Sadovaya Group (SGR PW -21.5%), Coal Energy (CLE PW -4.9%) and KSG Agro (KSG PW -1.9%). In London, Regal Petroleum (RPT LN) rose 6.9% while Cadogan Petroleum (CAD LN) bounced 2.8% off its lowest price in more than two years.