Market comment

Обзоры рынка 06.09.2013 Ukrainian equities bucked global gains and continued on their downward trajectory in trading on Thursday, September 5. The WIG Ukraine Index of Warsaw-traded stocks dropped 2.4%, or 4.3% in two sessions, pulled down by dairy producer Milkiland (MLK PW -4.2%), which has plummeted 12.2% in five straight losing sessions. Milkiland stands to lose significantly on the Russian trade conflict. Coal Energy (CLE PW -4.1%) has fallen 7.0% in three straight negative sessions, sugar producer Astarta (AST PW -3.9%) has lost 5.3% in two sessions and farmer Agroton (AGT PW -3.2%) has lost 9.7% in three straight falling sessions. Concorde Capital issued a note on September 5 recommending investors avoid Agroton shares. In London, investors sent Regal Petroleum (RPT LN) careening 11.0% yesterday to its lowest price in nearly three years. The stock has crashed 23.9% in three straight losing sessions. The Ukrainian Exchange (UX) index of Kyiv-traded stocks slid 0.4%, weighed down by steel maker Yenakiieve Steel (ENMZ UK -2.2%).