Market comment

Обзоры рынка 17.04.2013 Natural gas stocks were the biggest movers at the Tuesday, April 16 trading session. In London, Cadogan Petroleum (CAD LN) surged 12.4% after reporting it finalized the sale of two natural gas processing plants that will provide more funds for exploration. Regal Petroleum (RPT LN +2.2%) has improved 3.4% in two sessions while JKX Oil & Gas (JKX LN -1.4%) has lost 4.5% in three straight losing sessions. Shares of mining firm Ferrexpo (FXPO LN) rebounded 4.0% after plummeting 13.6% in two sessions amidst a global sell-off in mining stocks. The Warsaw Stock Exchange was closed for trading on April 16, which wasn’t related to the WIG Ukraine Index hitting its all-time low in the prior session. The exchange was implementing its new trading system. In Kyiv, the Ukrainian Exchange (UX) Index fell 0.4%, weighed down by shares of power generator Centrenergo (CEEN UK -2.0%). Shares of engine maker Motor Sich (MSICH -0.3%) have lost 4.6% in six straight declining sessions.