Market comment

Обзоры рынка 29.01.2013 Ukrainian equities extended their hot streak from last week on the Kyiv exchange on Monday, Jan. 28 despite lukewarm activity in Europe. The Ukrainian Exchange (UX) Index shot up 3.4%, led by the surging shares of Avdiivka Coke (AVDK UK +7.0%), Raiffeisen Bank Aval (BAVL UK +6.2%), which have advanced 14.6% in four straight gaining sessions, and Azovstal (AZST UK +4.2%). In Warsaw, the WIG-Ukraine Index slid 0.5%, weighed down by Agroton (AGT PW -3.2%) and mining firm Sadovaya Group (SGR PW -3.0%). Kulczyk Oil (KOV PW) fell 2.2%. In London, JKX Oil & Gas (JKX LN) plunged 4.5% to its lowest price in nearly nine years as part of a 16.8% three-session free fall triggered by disappointing production figures. Meanwhile, Cadogan Petroleum (CAD LN +1.9%) has gained 10.2% in three straight winning sessions.