Market comment

Обзоры рынка 05.04.2013 Ukrainian equities enjoyed their first positive session on Thursday, Apr. 4 since the Uglegorsk power plant fire. The WIG Ukraine Index in Warsaw improved 0.3%, pulled up by the shares of agricultural firm Agroton (AGT PW +2.1%) and sugar maker Astarta (AST PW +1.8%). In London, Bank of Georgia (BGEO LN +1.9%) hit its all-time high, rising 5.2% in three straight gaining sessions. Investors scooped up bargains on the Ukrainian Exchange (UX) in Kyiv. Its Index bounced 2.1% with the help of Raiffeisen Bank Aval (BAVK UK +6.1%), which has gained 11.3% this year. Shares of Ukrtelecom (UTLM UK) jumped 9.8% but are otherwise down 14.3% this year. Traders continued to sell off shares of oil producer Ukrnafta (UNAF UK -0.2%), which have plunged 27.3% in 15 consecutive losing sessions.