Market comment

Обзоры рынка 29.11.2012 Ukrainian equities were in high demand on the Kyiv and Warsaw exchanges on Thursday, Nov. 29. The Ukrainian Exchange (UX) Index rose 1.2% as traders bought up Avdiivka Coke stock (AVDK UK +3.8%), Alchevsk Steel stock (ALMK UK +3.5%) and shares of power generator Donbasenergo (DOEN +2.3%). Yenakiieve Steel stock (ENMZ UK +1.0%) has improved 2.9% in four straight winning sessions. In Warsaw, the WIG-Ukraine Index increased 0.5%, extending its wins to five consecutive sessions at a 4.7% gain. The index’s biggest advancer was shares of food producer Agroton (AGT PW +6.1%), which rebounded off a nine-session losing streak that cut 15.6% of share value. KSG Agro (KSG PW +4.3%) stock has improved 24.7% in six straight winning sessions. Milkiland stock (MLK PW +2.6%) has gained 6.7% in three straight gaining sessions. In London, investors continued to demand Regal Petroleum stock (RPT LN), which gained 6.4%. We expect demand for Ukrainian stocks to remain brisk today with positive momentum from the U.S. and Asian markets, which closed on the upside this morning.