Market comment

Обзоры рынка 12.03.2013 Ukrainian equities lost favor in Kyiv but bucked an otherwise downcast European market in trading on Monday, March 11. The Ukrainian Exchange (UX) Index slid 1.7%, dragged down by Avdiivka Coke (AVDK UK -3.2%), which reported on March 7 a higher-than-expected net loss. In Warsaw, the WIG-Ukraine Index improved 1.6%, fueled by Kernel (KER PW +3.1%), which are down 5.5% this month, and KSG Agro (KSG PW +3.0%), which have surged 24.0% in five straight winning sessions. In London, traders bought up gas developers, namely Regal Petroleum (RPT LN +7.1%) and Cadogan Petroleum (CAD LN +3.6%). On the other hand, they took their profit from JKX Oil & Gas (JKX LN -1.4%), which had gained 9.8% in three sessions.