Market comment

Обзоры рынка 27.02.2013 Concerns over the political future of Italy, Europe’s third-largest economy, prompted selling on all the region’s major stock exchanges on Tuesday, Feb. 26. The Ukrainian Exchange (UX) Index dropped 1.4%, weighed down by Raiffeisen Bank Aval (BAVL UK -3.2%), Donbasenergo (DOEN UK -2.0%), which is up 9.2% for the month. In Warsaw, the WIG-Ukraine Index declined 0.8%, widening its losses to 1.6% in three straight losing sessions. KSG Agro (KSG PW -3.6%) has plunged 13.1% in six straight declining sessions. Coal Energy (CLE PW -2.7%) has lost 8.0% in two sessions and 17.7% this month. Shares of grain trader Kernel (KER PW -0.5%) have lost 3.7% in three straight losing sessions. In London, shares of mining firm Ferrexpo (FXPO LN) dropped 3.0%, increasing their February loss to 6.4%. JKX Oil & Gas (JKX LN +3.2%) has gained 7.0% in four straight advancing sessions.