Market comment

Обзоры рынка 01.03.2013 Ukrainian stocks didn’t share in global buying sentiment following Federal Reserve Chairman Ben Bernanke’s comments on Thursday, Feb. 28. In Warsaw, the WIG-Ukraine Index dropped 2.0%, finishing February at a 2.2% loss just as European stocks posted their ninth monthly gain in February. Kernel (KEW PW -0.9%) has lost 4.8% in five straight losing sessions, finishing the month 6.6% lower. Investors dumped their shares of sugar producer Astarta (AST PW -5.0%) after seeing disappointing FY2012 earnings. Nevertheless, Astarta concluded February at a 10.6% gain. Coal Energy (CLE PW -3.1%) has lost 11.4% in four straight losing sessions, ending February at a 20.8% loss. In London, shares of mining firm Ferrexpo (FXPO LN) plummeted 5.4%, concluding February at a 10.6% loss. Cadogan Petroleum (CAD LN +3.8%) finished the month with a 14.7% gain. In Kyiv, the Ukrainian Exchange Index rose 1.0%, ending February at a 5.9% advance. The biggest gainers were shares of engine maker Motor Sich (MSICH UK +3.6%) and oil producer Ukrnafta (UNAF UK +1.5%), which finished February 37.3% higher.