Market comment

Обзоры рынка 23.01.2013 Ukrainian equity prices slid on Tuesday, Jan. 22 on profit-taking and European disappointment with a Japanese monetary policy announcement. The Ukrainian Exchange (UX) Index dropped 2.1%, led by steel maker Azovstal (AZST UK -4.3%), power generator Donbasenergo (DOEN UK -4.1%) and Avdiivka Coke (AVDK UK -3.4%). In Warsaw, the WIG-Ukraine Index slid 0.4% as traders cashed in on shares of grain trader Kernel (KER PW -2.9%), which surged 6.5% in the previous session. Shares of egg producer Ovostar (OVO PW +2.3%) have improved 7.2% in three straight winning sessions and shares of sugar maker Astarta (AST PW +1.5%) are up 5.8% in three straight advancing sessions. In London, traders took their profit gained from shares of poultry producer MHP (MHPC LI -3.4%), which jumped 7.5% in the prior session. Cadogan Petroleum (CAD LN -1.8%) sank to its lowest price in more than three years.