Market comment

Обзоры рынка 10.04.2013 Ukrainian equities spent the Tuesday, April 9 session stabilizing as several stocks reacted to news released that day. In London, shares of mining firm Ferrexpo (FXPO LN) skyrocketed 19.2% after reporting that morning boosted pellet output in 1Q13. Its stock price is down 26.4% year-to-date. JKX Oil & Gas (JKX LN) plummeted 7.7% after reporting a loss for 2012 on declining revenue. Its shares are down 9.0% this year. In Warsaw, Kulczyk Oil (KOV PW +4.6%) drew sharp demand after reporting a successful well test. The WIG Ukraine Index improved 1.0% owing to demand for shares of sugar producer Astarta (AST PW +2.2%) and Coal Energy (CLE PW +2.1%), which are up 6.1% in two sessions. Shares of its coal mining peer Sadovaya (SGR PW -2.8%) have fallen 12.0% in three sessions. In Kyiv, the Ukrainian Exchange (UX) Index inched up 0.1%, led by Raiffeisen Bank Aval (BAVL UK +2.8%). Traders snapped their 15-session selloff of Ukrnafta (UNAF UK +2.0%). Yenakiieve Steel (ENMZ UK) plunged 4.1% after gaining 3.2% the prior session. Beyond the index, Khartsyszk Pipe (HRTR UK) plummeted 25% after shareholders voted to not make dividend payments.