Market comment

Обзоры рынка 20.02.2013 Ukrainian equities rode positive momentum on the European exchanges on Tuesday, Feb. 19 that was fueled by upbeat German economic sentiment data. The Ukrainian Exchange (UX) Index jumped 3.7%, led by renewed speculation on Ukrnafta (UNAF UK +10.8%), which has surged 41.5% this month. Another big gainer has been Raiffeisen Bank Aval (BAVL UK +4.8%), which has advanced 14.7% in three straight winning sessions. Unicredit’s Ukrsotsbank (USCB UK) jumped 4.5%, boosting its February gain to 15.8%. In London, shares of mining firm Ferrexpo (FXPO LN) improved 1.6%, adding to its February advance of 12.8%. Stocks in Warsaw were largely immune to the boosted demand as the WIG-Ukraine Index decreased 0.5%. Coal Energy (CLE PW) shares dropped 4.2% after the company reported a yoy decline in coal production. The stock has fallen 9.5% in four straight losing sessions. Shares of sugar maker Astarta (AST PW -1.3%) have lost 8.6% in four straight decreasing sessions. Shares of grain trader Kernel (KER PW +0.6%) have been the positive exception as of late, rising 4.4% in five straight winning sessions.