Market comment

Обзоры рынка 19.02.2013 Ukrainian equities brought the most profit in London in trading on Friday, Feb. 15. Shares of Cadogan Petroleum soared 18.3% after the London High Court reached a USD 21 mln ruling in its favor. Other Ukrainian oil stocks rode the demand surge, including Regal Petroleum (RPT LN +4.2%) and JKX Oil & Gas (JKX LN +2.7%), which concluded the week 8.7% higher. Shares of mining firm Ferrexpo (FXPO LN +0.3%) have gained 9.9% in six straight positive sessions. In Warsaw, the WIG-Ukraine Index inched up 0.3%, concluding the week at a 1.7% gain. Most of the momentum was provided by shares of grain trader Kernel (KER PW +1.6%), which have advanced 3.0% in three straight winning sessions. Agroton (AGT PW +0.4%) finished the week at an 8.7% loss. In Kyiv, the Ukrainian Exchange (UX) Index slid 0.1%, extending its cold streak to four sessions in which it lost 3.6%. Oil producer Ukrnafta (UNAF UK -0.6%) has lost 8.8% in four straight losing sessions. Unicredit’s Ukrsotsbank (USCB UK -0.5%) has lost 6.3% in three straight declining sessions.