Market comment

Обзоры рынка 12.10.2012 Ukraine’s UX index declined on Thursday, its fourth straight loss, as investors continued to be down on Eastern Europe’s ability to weather the European debt crisis. The UX fell 0.4% with seven of the 10 blue chips in the red. One of the biggest movers was Yenakiieve Steel (ENMZ UK), which added 8.0% on UAH 4.0 mln in volume. The WIG-Ukraine meanwhile rebounded 0.6%, though only five of its 11 index components were up. The platform’s best performer was KDM Shipping (KDM PW) +4.4%, while the worst performer was Agroton (AGT PW) -1.9%, bringing its 5-day loss to -7.3%. Asian markets are mixed this morning, but European futures are red and Russia is down 0.5% as of 10:30 local time, leading us to expect a lower open from Ukrainian equities today as well.