Market comment

Обзоры рынка 29.04.2013 Investors concluded the week’s trading on Friday, April 26 with profit-taking and bargain-hunting for Ukrainian equities. The WIG Ukraine Index in Warsaw rose 2.9%, led by shares of sugar maker Astarta (AST PW +8.0%), which bounced off their lowest price in 16 months in the prior session. Traders found a bargain in the shares of egg producer Ovostar (OVO PW +4.0%), which are down 10.0% for the month. Shares of mining firm Sadovaya (SGR PW -4.7%) took a turn towards their all-time low. Milkiland (MLK PW- 4.5%) hit its lowest price since its December 2010. In London, Cadogan Petroleum (CAD LN) slid 4.3% after a prior-day bounce, approaching a breakeven finish for April. Shares of mining firm Ferrexpo (FXPO LN -2.2%) are up 3.7% for the month. In Kyiv, the Ukrainian Exchange (UX) Index dropped 2.0%, pulled down by Avdiivka Coke (AVDK UK -6.2%). Traders cashed in on profit from Alchevsk Steel (ALMK UK -4.7%), ending its five-session hot streak.