Market comment

Обзоры рынка 08.02.2013 Ukrainian stocks largely mimicked European markets on Thursday, Feb. 7, thrusting up before coming down in the afternoon. The Ukrainian Exchange (UX) Index fell 2.2%, weighed down by the ongoing speculation on shares of oil producer Ukrnafta (UNAF UK -24.7%), which has a net gain of 7.5% this week. Traders cashed in on Unicredit-owned Ukrsotsbank (USCB UK -4.2%) after a four-session hot streak in which it gained 18.2%. Power generator Donbasenergo (DOEN UK +3.9%) has gained 9.1% in three straight winning sessions. The WIG-Ukraine Index inched up 0.1%, led by dairy producer Milkiland (MLK PW +2.8%) and egg producer Ovostar (OVO PW +2.2%). In London, Bank of Georgia (BGEO LN +0.1%) reached its fourth all-time high this week, rising 10.7% in six straight advancing sessions. Poultry producer MHP (MHPC LI +0.9%) has gained 9.8% in five straight winning sessions, reaching its highest level in more than 19 months. Egg producer Avangard (AVGR LI -4.1%) has fallen 8.3% in three straight losing sessions.