Market comment

Обзоры рынка 15.03.2013 Ukrainian stocks benefitted from near five-year highs on the European markets on Thursday, March 14. The Ukrainian Exchange (UX) Index improved 0.8%, led by shares of electricity producer Donbasenergo (DOEN UK +1.6%). Ukrsotsbank (USCB UK -3.2%) has lost 8.1% in four straight declining sessions. In Warsaw, the WIG-Ukraine rose 0.4%, fueled by the skyrocketing shares of Agroton (AGT PW +19.7%), which reported preliminary results for 2012 indicating a surge in profit and EBITDA. KSG Agro (KSG PW +4.7%) has surged 19.2% in March. In London, Cadogan Petroleum (CAD LN) fell 2.6% while shares of mining firm Ferrexpo (FXPO LN -2.3%) have fallen 9.6% in two sessions after reporting expectedly weak 2012 earnings.