Market comment

Обзоры рынка 21.09.2012 Ukraine’s UX sank deeper into the red on Thursday as emerging markets continued to be rocked on concern about the Chinese economy. The UX fell 0.9%, bringing its four-session losing streak to 4.8%. All blue chips but one were down, with banking names Ukrsotsbank (USCB UK) -4.0% and Raiffeisen Bank Aval (BAVL UK) -1.4% leading the way. Over in Warsaw, the WIG-Ukraine fell 2.3%. Five of the index’s components were up, five down and one flat. The worst performer was Kernel (KER PW) -4.7%, while on the other end of the spectrum Westa (WES PW) surged up 24.6%. In London, the biggest movers were Ferrexpo (FXPO LN) -3.9% and Cadogan Petroleum (CAD LN) -1.4%.