Market comment

Обзоры рынка 05.02.2013 Profit-taking and European political worries sent Ukrainian stocks sliding in trading on Monday, Feb. 4. The Ukrainian Exchange (UX) Index fell 2.1%, weighed down by Avdiivka Coke (AVDK UK -5.8%), Donbasenergo (DOEN UK -5.4%) and Azovstal (AZST UK -5.1%). On the other hand, Ukrnafta (UNAF UK +18.7%) continued to skyrocket, powering up 18.7% and advancing 50.8% in two straight surging sessions. Ukrsotsbank (USCB UK +2.6%) has gained 6.5% in back-to-back winning sessions. In Warsaw, traders cashed in on their profit from Coal Energy (CLE PW -6.4%), which surged 27.3% in the previous four sessions. The Index’s other big decliner was grain trader Kernel (KER PW -3.4%). The Index’s positive exception was agri-holding Agroton (AGT PW), whose shares surged 5.7%. In London, Bank of Georgia (BGEO LN +1.9%) hit its all-time high, being the only FSTE-350 banking stock to grow yesterday as all its peers suffered 1.9%-3.5% on the UK Chancellor of Exchequer’s speech outlining tougher regulations on British banks. JKX Oil & Gas (JKX LN) rose 4.5%, extending a recovery after hitting its nine-year low.