Market comment

Обзоры рынка 19.04.2013 Big gains and losses were made on Ukrainian stocks traded in Warsaw at the Thursday, April 18 session. The WIG Ukraine slid 4.7%, deepening its plunge to 15.5% in four straight declining sessions. The biggest losses were in the shares of sugar maker Astarta (AST PW -14.9%), which reported weak 2012 financials two days before, and Coal Energy (CLE PW -7.5%), which have crashed 38.3% in four straight losing sessions to their lowest price since their August 2011 IPO. Shares of farmer Industrial Milk (IMC PW) fell 7.2% to their lowest price since August. The index’s big gainer was shares of farmer and food producer Agroton (AGT PW), which skyrocketed 65.1% despite the company reporting financial indicators that included a downgrade of its 2012 financials. Nevertheless, investors were happy to see Agroton breathing and not having as terrible a balance sheet as could have been imagined after last week’s S&P credit slash. Agroton shares have more than tripled in two sessions, which is still less than half of the way to recover from the 86.5% crash over the preceding three sessions. Shares of mining firm Sadovaya (SGR PW) bounced 18.6% after plummeting 11.8% to its all-time low, shaving its loss for the month to 30.3%. In London, JKX Oil & Gas (JKX LN -1.9%) has fallen 8.6% in five straight losing sessions. In Kyiv, the Ukrainian Exchange (UX) Index was up 0.5% after a three-day loss, led by Yenakiieve Steel (ENMZ UK +2.7%).