Market comment

Обзоры рынка 29.03.2013 Ukrainian stocks enjoyed their first positive session on Thursday, March 28 since the Cyrpus fiasco prompted a selloff. The WIG Ukraine Index in Warsaw gained 1.1%, trimming its March loss to 8.6%. The biggest riser was mining firm Sadovaya (SGR PW +3.8%), which is down 14.5% for the month. Shares of grain trader Kernel (KER PW 1.5%) are down 9.2% for the month. In London, shares of poultry producer MHP (MHPC LI +4.4%) rebounded, cutting their March loss to only 2.7%. Cadogan Petroleum (CAD LN -3.5%) is at break even for March. In Kyiv, the Ukrainian Exchange (UX) Index halted a six-session plunge, reducing by 2.3% its March loss, which now stands at 11.2%. The biggest gainer was shares of steel maker Azovstal (AZST UK +3.6%), which are otherwise down 9.3% for the month. Shares of oil producer Ukrnafta (UNAF UK -0.2%) extended their losing streak to ten consecutive sessions, during which they’ve lost 16.5% of their value.