Market comment

Обзоры рынка 01.02.2013 Ukrainian equities extended the global lull in London but remained resilient in Warsaw in trading on Thursday, Jan. 31. The WIG-Ukraine Index rose 1.6%, powered by shares of Coal Energy (CLE PW +5.2%), which have surged 21.0% in three straight advancing sessions. Other top gainers were mining firm Sadovaya Group (SGR PW +4.4%) and grain trader Kernel (KER PW +2.7%). Lackluster earnings reports in London made the trading climate even worse for already slumping Ukrainian stocks. JKX Oil & Gas (JKX LN) plummeted 6.6% to its lowest price in more than nine years. Poor 4Q12 production figures have sent the stock on a six-session free fall during which it has lost 28.8%. Regal Petroleum (RPT LN -3.2%) has lost 11.3% in four straight losing sessions. Poultry producer MHP (MHPC LI -3.5%) has dropped 6.3% in three straight losing sessions after hitting its highest price in more than a year. In Kyiv, the Ukrainian Exchange (UX) Index slid 0.1%, dragged down by profit-taking on Ukrsotsbank (USCB UK -1.7%). Raiffeisen Bank (BAVL UK +1.3%) extended its hot streak to seven straight sessions, during which it has gained 22.7%.