Market comment

Обзоры рынка 30.07.2012 The UX rose for the fourth straight session on Friday as investors remained optimistic that the ECB would act further to address the region’s debt crisis. The UX added 0.7% over the session; eight of the 10 blue chips closed up. The best performers were Ukrsotsbank (USCB UK) +3.6% and Yenakiieve Steel (ENMZ UK) +1.5%. Warsaw’s WIG-Ukraine index also finished in positive territory, though only three of its 10 index components were in the green. The three gainers were Astarta (AST PW) +2.9%, Industrial Milk Company (IMC PW) +0.9% and KSG Agro (KSG PW) +0.1%. Many Ukrainian stocks in London also had a relatively strong day: Cadogan Petroleum (CAD LN) +6.9%, Ferrexpo (FXPO LN) +3.4% and MHP (MHPC LI) +2.4%.