Market comment

Обзоры рынка 26.02.2013 Ukrainian stocks took Moscow’s lead as the Ukrainian Exchange (UX) Index mirrored the RTS Index in rising 0.9% at the Monday, Feb. 25 session. At the lead were shares of Unicredit’s Ukrsotsbank (USCB UK +2.7%), Azovstal (AZST UK +1.7%) and Raiffeisen Bank Aval (BAVL UK +1.6%), which are up19.3% for the month. In Warsaw, the WIG-Ukraine Index fell 0.3%, weighed down by shares of grain trader Kernel (KER PW -2.4%) and Coal Energy (CLE PW -5.5%), which are down 15.5% for the month. Meanwhile, investors scooped up bargain-priced shares of car battery maker WESTA (WES PW +8.5%), which had plunged 13.2% in a five-session sell-off. In London, investors were also bargain hunting, buying up shares of mining firm Ferrexpo (FXPO LN +1.7%), which had lost 15.9% of their value in a three-session plunge. Cadogan Petroleum (CAD LN +1.9%) has surged 26.2% since hitting its lowest price in more than three years on Feb. 4.