Market comment

Обзоры рынка 04.02.2013 Ukrainian equities concluded last week on the upswing in trading on Friday, Feb. 1, bolstered by positive U.S. payroll figures. The Ukrainian Exchange (UX) Index rose 3.0% on the back of the soaring shares of oil producer Ukrnafta (UNAF UK +27.1%). Raiffeisen Bank Aval (BAVL UK +6.6%) have gained 30.8% in eight straight winning sessions. In Warsaw, the WIG-Ukraine Index increased 1.5%, riding the gains of sugar producer Astarta (AST PW +8.2%) and Coal Energy (CLE PW +5.2%), which have advanced 27.3% in four straight winning sessions. Ukrainian and Georgian stocks surged on the London exchange, led by the shares of mining firm Ferrexpo (FXPO LN +6.3%), poultry producer MHP (MHPC LI +5.1%) and Bank of Georgia (BGEO LN +4.6%). On the flip side, Cadogan Petroleum (CAD LN) plummeted 11.6%.