Market comment

Обзоры рынка 24.04.2013 Ukrainian equities kept suffering at the Tuesday, April 23 session. In Warsaw, the WIG Ukraine Index dropped 0.7%, led by Coal Energy (CLE PW -16.9%), which has crashed 55.0% in seven straight losing sessions to its lowest price since its August 2011 IPO. Traders dumped Milkiland (MLK PW), which plunged 7.4% to its lowest price in 16 months and has lost 22.0% this month. Shares of farmer and food producer Agroton (AGT PW -5.1%) are down 30.1% in three sessions, deepening their monthly loss to 71.3%. In London, Cadogan Petroleum plummeted 11.5% after reporting it expects heavy losses from asset write-offs. Shares of mining firm Ferrexpo (FXPO LN) bounced 4.3%, shaving their monthly decline to only 2.4%. In Kyiv, the Ukrainian Exchange (UX) Index rose 0.4%, improving its win streak to 3.2% over four sessions. The top gainer was Alchevsk Steel (ALMK UK +1.2%), which has risen 2.9% over three sessions. Raiffeisen Bank Aval (BAVL UK +0.7%) has improved 5.6% in three straight winning sessions.