Market comment

Обзоры рынка 31.01.2013 Once again, Ukrainian equities bucked global trends, this time on the Warsaw exchange in trading on Wednesday, Jan. 30. The WIG-Ukraine Index gained 1.0%, unfazed by the disappointing U.S. GDP figures. The gains were led by Coal Energy (CLE PW +5.0%), dairy producer Milkiland (MLK PW +3.2%) and grain trader Kernel (KER PW +1.6%). On the Kyiv exchange, traders cashed in on their profit from a three-session win streak. The Ukrainian Exchange (UX) Index slid 0.4%, weighed down by Yenakiieve Steel (ENMZ UK -2.3%). However, its banking shares are still advancing: Raiffeisen Bank (BAVL UK +1.0%) has gained 21.0% over six straight positive sessions and Ukrsotsbank (USCB UK +2.5%) has gained 11.0% over four straight positive sessions. In London, the U.S. GDP figures served to exacerbate negative trends for Ukrainian equities. Ferrexpo (FXPO LN) plunged 5.5% following news of ongoing court hearings on its 40% stake in a key subsidiary. JKX Oil & Gas (JKX LN -5.0%) has lost 23.8% of its value in five straight losing sessions, reaching its lowest price in more than nine years. Regal Petroleum (RPT LN -4.1%) has fallen 8.4% in three straight losing sessions.