Market comment

Обзоры рынка 18.04.2013 As bad as the market has been for Ukrainian equities in recent weeks, it got even worse on Wednesday, April 17. On the Warsaw Stock Exchange, the WIG Ukraine Index plummeted 5.4% to its lowest level since its January 2011 launch. The index of Ukrainian stocks has lost 9.7% this week and 14.4% this year. Shares of grain trading giant Kernel (KER PW) plummeted 7.8% to its lowest price since May last year. Coal Energy (CLE PW -16.5%) has crashed 33.3% in three straight losing sessions to its all-time low. KSG Agro (KSG PW -13.8%) has lost 20.3% in five straight losing sessions. Shares of mining firm Sadovaya (SGR PW -11.8%) hit their lowest price since their December 2010 IPO. Milkiland (MLK –9.4%) hit its lowest price since December 2011. On the positive side, shares of farmer and food producer Agroton (AGT PW) skyrocketed 85% after crashing 86.1% in two sessions on an S&P downgrade. In London, shares of mining firm Ferrexpo (FXPO LN -6.5%) hit their lowest price since September. JKX Oil & Gas (JKX LN -2.5%) has fallen 6.9% in four straight losing sessions. In Kyiv, the Ukrainian Exchange (UX) Index slid 0.6% to its lowest level since October. Alchevsk Steel (ALMK UK -3.0%) has lost 7.4% in three straight losing sessions. Shares of engine maker Motor Sich (MSICH UK -0.2%) have declined 4.8% in seven straight losing sessions.