Market comment

Обзоры рынка 11.04.2014 The Ukrainian Exchange (UX) Index reached its highest level since July 2012 in trading on Thursday, April 11. The UX Index rose 3.0% that session, deepening its gains to 7.1% over three straight positive sessions. The biggest advancer was Avdiivka Coke (AVDK UK +5.8%), which has risen 9.6% in three straight winning sessions. Engine maker Motor Sich (MSICH UK +2.7%) has improved 11.8% in three straight positive sessions, despite the Russian government considering halting imports of Ukrainian military hardware. The WIG Ukraine Index of Warsaw-traded stocks increased 1.3%, fueled by its biggest component, grain trader and sunflower oil producer Kernel (KER PW +3.3%). The company is planning to invest USD 200 million to build a crop storage and processing facility in the Chernihiv Oblast, the Interfax-Ukrayina news agency reported. Kernel didn’t confirm this plan. In London, the most actively traded stock, iron ore producer Ferrexpo (FXPO LN), dropped 2.5% after UBS Bank removed the company from its most preferred list.