Market comment

Обзоры рынка 28.01.2013 Ukrainian equities rode a three-session hot streak for European stocks at the Friday, Jan. 25 session, concluding last week in the green. The Ukrainian Exchange (UX) Index rose 1.5%, driven by Raiffeisen Bank (BAVK UK +3.0%), which has gained 8.0% in three winning sessions, and engine maker Motor Sich (MSICH UK +2.3%), which has gained 5.6% in three gaining sessions. In Warsaw, the WIG-Ukraine Index improved 1.0% on Friday and 2.9% over three straight advancing sessions. At the lead were shares of Agroton (AGT PW +3.7%) and sugar producer Astarta (AST PW +1.7%), which have advanced 9.8% over six straight winning sessions. Several Ukrainian shares thrived in London, where Cadogan Petroleum (CAD LN) surged 6.0%, egg producer Avangard (AVGR LI) rose 2.9% and Regal Petroleum (RPT LN) gained 2.2%. Following a weak production update, shares of JKX Oil & Gas (JKX LN) plummeted 10.6% to their lowest level in more than eight years.