Market comment

Обзоры рынка 29.05.2012 Ukrainian stocks continued oscillating between gains and losses on Monday, with the local Ukrainian Exchange index off 0.3% and Warsaw’s WIG-Ukraine up a mere 0.1%. European bourses were also hovering yesterday, though banks, hit by news of Spain’s Bankia seeking government support, tumbled, as Greek opinion polls tempered concern that it would leave the euro after next month’s election. On the UX, seven of 10 blue chips lost ground, led by Ukrnafta (UNAF UK) -3.5%. In Warsaw, Agroton (AGT PW) rose 8.4%, helping to push the Ukrainian equity index there into positive territory. In London, Ukrainian names moved up – Ferrexpo (FXPO LN) +4.8%, Avangard (AVGR LI) +3.8% and MHP (MHPC LI) +2.7%. Upcoming events 05/29/12 Westa: Quarterly Report for 1Q12 05/31/12 Trigon Agri: Quarterly Report 1Q12 06/01/12 MSCI FM 100 Index May Semi-Annual Index Review Effective Date JKX Oil & Gas: AGM Cadogan Petroleum: AGM 06/03/12 Holiday: Trinity Day (Ukraine) 06/04/12 Agroton: Quarterly Report for 1Q12 LSE Closed for Spring Holiday 06/05/12 LSE Closed for Queen's Diamond Jubilee 06/06/12 Economy: CPI for May 2012 06/07/12 WSE Closed for Holiday 06/08/12 Sports: Opening Match of Euro-2012 in Warsaw