Market comment

Обзоры рынка 06.02.2013 Ukrainian stocks surged on the Kyiv exchange while they failed to gain from positive European earnings data in Warsaw on Tuesday, Feb. 5. The Ukrainian Exchange (UX) Index shot up 6.7%, driven by active buying in Ukrnafta (UNAF UK +43.5%), which has more than doubled in value over the last three sessions. The last time a similar event occurred with UNAF stock was fall 2010, when Igor Kolomoisky was reportedly buying up a large bloc. Ukrsotsbank (USCB UK +10.6%) has improved 17.8% in three straight winning sessions. In Warsaw, the WIG-Ukraine Index inched up 0.1% as shares of grain trader Kernel (KER PW -0.2%) have fallen 5.3% in three straight losing sessions. In London, Bank of Georgia (BGEO LN +1.9%) reached another all-time high, advancing 8.8% in four straight winning sessions. Poultry producer MHP (MHPC LI +1.5%) hit its highest price in more than a year, rising 7.6% in three straight gaining sessions. JKX Oil & Gas (JKX LN +3.5%) extended its recovery from a nine-year low, gaining 9.1% in three straight winning sessions.