Market comment

Обзоры рынка 28.02.2013 Ukrainian equities in Warsaw rebounded on Wednesday, Feb. 27 after traders learned of a spike in U.S. pending home sales. The WIG-Ukraine Index rose 1.4%, led by shares of sugar producer Astarta (AST PW +3.7%), which are up 16.5% for the month. On the eve of releasing its 1H13 results, Coal Energy (CLE PW -0.6%) has lost 8.5% in three straight declining sessions while Kernel (KER PW -0.2%) have fallen 3.9% in four straight losing sessions. The positive housing data had little effect on Ukrainian stocks in London, the biggest gainer being Dragon-Ukrainian Properties (DUPD LN +1.6%). Neither were traders impressed in Kyiv, where an afternoon rally couldn’t push stocks into the black. The Ukrainian Exchange (UX) Index lost 0.3%, dragged down by Raiffeisen Bank Aval (BAVL UK -2.3%).