Market comment

Обзоры рынка 23.04.2013 Ukrainian equities demonstrated a mixed performance at the Monday, April 22 session as some stocks rebounded from losses, while others sunk deeper into their misery. In Warsaw, the WIG Ukraine Index bounced 0.9% after plunging to its lowest level since its January 2011 launch. The stock most contributing to the bounce was sugar maker Astarta (AST PW +6.6%), which rebounded after reaching its lowest price in 16 months. Coal Energy (CLE PW -11.9%) has crashed 45.8% in six straight negative sessions, hitting repeated all-time lows since its August 2011 IPO. Shares of farming and food producing firm Agroton (AGT PW -5.9%) have plummeted 68.8% since investors began their selloff on April 11. In London, the biggest mover was mining firm Ferrexpo (FXPO LN -2.8%), whose shares are down 6.4% this month. Bank of Georgia (BGEO LN -2.2%) has plunged 7.0% in six straight losing sessions after hitting its all-time high on April 12. In Kyiv, the Ukrainian Exchange (UX) Index increased 0.3%, led by power generator Centrenergo (CEEN UK +1.5%) and Raiffeisen Bank Aval (BAVL UK +1.0%).