Market comment

Обзоры рынка 21.03.2013 Ukrainian equities remained rattled in trading on Wednesday, March 20 from the Cyprus banking fiasco. The WIG-Ukraine Index in Warsaw fell 1.2%, extending its loss to 5.4% in four straight declining sessions. Coal Energy (CLE PW -3.4%) has plummeted 20.7% in four straight losing sessions after reporting disappointing February production figures. Shares of grain trader Kernel (KER PW -1.1%) have plunged 8.0% in six straight losing sessions. On the positive side, shares of KDM Shipping (KDM PW) surged 6.8% on an encouraging monthly update and farmer Industrial Milk (IMC PW) jumped 5.3%. In London, traders kept shedding their shares of mining firm Ferrexpo (FXPO LN -4.0%), which have plunged 15.3% in three sessions. Poultry producer MHP (MHPC LI -2.7%) has lost 6.2% in four straight losing sessions. In Kyiv, the Ukrainian Exchange (UX) Index slid 0.1%, dragged down by shares of oil producer Ukrnafta (UNAF UK), which have lost 6.5% in four straight declining sessions.