Market comment

Обзоры рынка 28.03.2013 The Cyprus selloff in Ukrainian equities showed signs of stabilizing though traders were still dumping shares en masse in the Wednesday, March 27 trading session. The WIG Ukraine Index of Warsaw-traded stocks rose 1.7% on demand for KSG Agro (KSG PW +8.0%) – which has surged 24.2% this month – and shares of grain trader Kernel (KER PW +3.0%), which are down 10.6% for the month. Shares of mining firm Sadovaya (SGR PW +4.6%) have seesawed in March, currently at a 17.6% loss for the month. In London, traders extended their selloff of Regal Petroleum (RPT LN -6.8%), which has plunged 15.8% in seven straight losing sessions. Shares of poultry producer MHP (MHPC LI -4.5%) have fallen 6.8% this month. Shares of egg producer Avangard (AVGR LI +2.4%) are up 7.6% in two sessions but down 20.5% for the month. In Kyiv, the Ukrainian Exchange (UX) Index fell 1.5% and deepened its loss to 6.9% over six consecutive declining sessions. Shares of oil producer Ukrnafta (UNAF UK -5.2%) have plunged 16.3% over nine straight falling sessions. Shares of engine maker Motor Sich (MSICH UK -2.4%) are down 10.0% over six straight losing sessions.