Market comment

Обзоры рынка 30.05.2013 With a few exceptions, traders were mostly selling at the Wednesday, May 29 session. The WIG Ukraine Index of Warsaw-traded stocks crept up 0.4%, led by the illiquid and volatile WESTA (WES PW +7.1%) and widely traded Kernel (KER PW +1.9%). Investors continued gutting the market capitalization of Coal Energy (CLE PW -11.1%), which has crashed 31.2% in seven straight losing sessions to its all-time low since its August 2011 IPO. Traders also extended their sell-off of KSG Agro (KSG PW -2.1%), which has dropped 8.1% in seven straight falling sessions to its all-time low since its May 2011 IPO. In London, traders sold what they bought the prior day. JKX Oil & Gas (JKX LN) fell 4.2% after a 4.9% spike and Regal Petroleum (RPT LN) sank 3.3% after a 3.4% jump. Shares of mining firm Ferrexpo (FXPO LN) dropped 2.3% after gaining 2.5%. Bank of Georgia (BGEO LN +3.4%) has improved 8.4% in three sessions to its all-time high, easily outperforming all the other FTSE-350 banking stocks, which fell 0.3%-2.9% in the session. In Kyiv, the Ukrainian Exchange (UX) Index dropped 0.9%, pulled down by engine maker Motor Sich (MSICH UK -2.2%).