Market comment

Обзоры рынка 27.03.2013 The selloff in Ukrainian equities prompted by the Cyprus fiasco reached its seventh session on Tuesday, March 26. The WIG Ukraine Index slid 1.0%, weighed down by the plummeting shares of Coal Energy (CLE PW -19.0%), which are down 41.0% this month and digging deeper into their all-time low. Shares of mining firm Sadovaya Group (SGR PW -10.6%) are down 21.2% this month. Shares of farmer Agroton (AGT PW -7.4%) have plunged 17.3% in four straight losing sessions. The exception have been shares of sugar maker Astarta (AST PW +3.4%), which are up 5.3% in two sessions. In London, traders scooped up shares that have recently been purged of their value, led by egg producer Avangard (AVGR LI +5.3%), which are otherwise down 22.4% this month. Shares of mining firm Ferrexpo (FXPO LN +1.7%) are down 24.1% this month. In Kyiv, the Ukrainian Exchange (UX) Index fell 0.5%, deepening its loss to 5.5% over five straight declining sessions. At the lead of the price drop was shares of oil producer Ukrnafta (UNAF UK -2.0%), which have fallen 11.7% in eight straight losing sessions. Shares of engine maker Motor Sich (MSICH UK -0.8%) have dropped 7.7% in five straight losing sessions.