Market comment

Обзоры рынка 26.03.2013 Investors kept selling off Ukrainian stocks on Monday, March 25 amidst European concern over deposit levies becoming EU policy. A few bargains in Warsaw boosted the WIG Ukraine Index 1.3%, bucking the WIG 20 Index’s 1.3% drop. At the lead were shares of car battery maker WESTA (WES PW +4.4%), which are down 4.1% for the year, and grain trader Kernel (KER PW +3.8%), which are down 13.7% this year. Nevertheless, traders sold off their shares of food producer Agroton (AGT PW -7.6%), which are down 6.7% for the year, and Sadovaya Group (SGR PW -4.5%), which are down 17.9% this year. In London, traders kept dumping their shares of egg producer Avangard (AVGR LI -8.6%), extending the sell off to six sessions at a 21.5% plunge. Traders extended the Ferrexpo (FXPO LN -0.4%) sell off to six sessions at a 17.4% loss. In Kyiv, the Ukrainian Exchange (UX) Index plunged 2.3%, extending its loss streak to four sessions at a 5.1% drop. The biggest decliner was shares of engine maker Motor Sich (MSICH UK -3.4%), which have lost 7.0% in four straight losing sessions. Shares of oil producer Ukrnafta (UNAF UK -1.1%) have lost 9.9% in seven straight losing sessions.