Market comment

Обзоры рынка 21.06.2013 Ukrainian equities suffered among the worst sell-offs this year in trading on Thursday, June 20 after Federal Reserve Chairman Ben Bernanke said the central bank may scale back its bond-buying program. The WIG Ukraine Index of Warsaw-traded stocks plunged 3.5% as Coal Energy (CLE PW -9.8%) approached its all-time low, along with another miner, Sadovaya (SGR PW -6.7%). The worst-hit agricultural firm was farmer and food processor Agroton (AGT PW -8.7%), followed by egg producer Ovostar (OVO PW -6.9%), which approached its one-year low. Industrial Milk (IMC PW) dropped 5.9% while Kernel (KER PW -5.2%) plummeted to its lowest price in more than three years. In London, egg producer Avangard (AVGR LI) plunged 8.2%, followed by hydrocarbon exploration firms Cadogan Petroleum (CAD LN -4.4%) and JKX Oil & Gas (JKX LN -4.4%), which is at its lowest price in nine-and-a-half-years. Miner Ferrexpo (FXPO LN) fell 3.8%. In Kyiv, the Ukrainian Exchange (UX) Index declined 1.5%, weighed down by Donbasenergo (DOEN UK -3.0%).