Market comment

Обзоры рынка 24.09.2012 The UX index rose on Friday, but was still in the red for the week. All of the 10 local blue chips were green, with metals & mining stocks leading the way behind the index's 2.0% advance. The top performers were Yenakiieve Steel (ENMZ UK) +4.8% and Avdiivka Coke (AVDK UK) +3.2%. Despite the rosy end of the week, the UX was still down 2.9% over the five sessions. Warsaw's WIG-Ukraine index slipped 0.4% (-2.3% last week), with seven of its 11 index components declining on Friday. The biggest lagger was Sadovaya Group (SGR PW) -3.8%, while Westa (WES PW) added 18.4%. A couple Ukrainian equities traded in London also moved up, including Cadogan Petroleum (CAD LN) +4.1%, Avangard (AVGR LI) +3.1% and Ferrexpo (FXPO LN) +2.7%.