Market comment

Обзоры рынка 13.08.2012 Ukraine’s UX index rose slightly on Friday, in line with other frontier markets (MSCI FM +0.2%), despite losses elsewhere in both regional and European bourses, which were still unsure on the Chinese economy and Eurozone debt. Six of 10 local blue chips advanced, led by Ukrnafta (UNAF UK) +1.7%. In Poland, the WIG-Ukraine index closed down 0.5% though six of its 10 components also moved higher on the day. Rather, the loss was due to a lack of traction in the two index heavyweights: Kernel (KER PW), which finished flat, and Astarta (AST PW) -4.1%. Most Ukrainian stocks in London were also up: MHP (MHPC LI) +2.3%, Regal Petroleum (RPT LN) +4.2% and JKX Oil & Gas (JKX LN) +3.2%.