Market comment

Обзоры рынка 22.05.2013 Investors spent the Tuesday, May 21 session cashing in on their gains from previous days. The WIG-Ukraine Index of Warsaw-traded stocks slid 2.2%, pulled down by the shares of car battery maker WESTA (WES PW -5.6%), which underwent a speculative surge of 25.5% on Friday, and grain trader Kernel (KER PW -4.0%), whose shares rose 5.1% in the previous two sessions. On the flip side, traders found value in Industrial Milk (IMC PW +2.2%) after its prior-day plunge of 9.6%. In London, shares of poultry producer MHP (MHPC LI +4.1%) continued their seesaw of recent sessions. Shares of egg producer Avangard (AVGR LI +2.7%) have improved 5.6% in four straight advancing sessions. In Kyiv, the Ukrainian Exchange (UX) Index dropped 0.6%, weighed down by shares of oil producer Ukrnafta (UNAF UK -2.1%).