Market comment

Обзоры рынка 08.03.2013 Ukrainian equities showed little movement on Thursday, March 7 as traders prepared for a three-day weekend marked by International Women’s Day. The Ukrainian Exchange (UX) Index inched up 0.2%, led by Raiffeisen Bank (BAVL UK +0.8%). In Warsaw, the WIG-Ukraine Index was unchanged. Investors kept bottom-feeding, buying up shares of KSG Agro (KSG PW +8.5%), which have surged 16.3% in three sessions. Shares of mining firm Sadovaya (SGR PW) dropped 4.8% after rising 11.7% in three sessions. In London, traders were selling their shares of egg producer Avangard (AVGR LI -3.0%) after it released strong earnings in line with expectations. The Ukrainian Exchange is closed on March 8 for the holiday.