Market comment

Обзоры рынка 11.03.2013 Better-than-expected Chinese export data and U.S. employment figures helped only a handful of Ukrainian equities make gains in trading on Friday, March 8. The WIG-Ukraine Index in Warsaw slid 0.5%, weighed down by the slumping shares of grain trader Kernel (KER PW -1.8%), which are down 8.4% for the month, and sugar producer Astarta (AST PW -1.3%), which have fallen 7.2% this month. KSG Agro (KSG PW +3.5%) has surged 20.4% in four straight winning sessions. In London, JKX Oil & Gas (JKX LN +5.1%) has risen 9.8% in three straight winning sessions. Investors scooped up shares of mining firm (FXPO LN +4.3%) which had plunged 7.5% this month beforehand. The Ukrainian Exchange was closed for International Women’s Day. We expect its shares will get a morning jolt as part of a delayed reaction to Friday’s upbeat economic data.