Market comment

Обзоры рынка 30.04.2013 Ukrainian equities followed the lead of European markets in rising modestly on Monday, April 29 on Italian political stability and expectations the European Central Bank will cut interest rates later this week. The WIG Ukraine Index of Warsaw-traded stocks rose 2.3%, or 5.2% in two sessions, fueled by positive earnings. Milkiland (MLK PW) soared 7.1% and WESTA (WES PW) jumped 7.0% in anticipation of their annual results. Among the index’s most popular stocks, Kernel (KER PW) rose 3.5%. The session’s two surging stocks were farmer and food-producer Agroton (AGT PW +17.6%) and Coal Energy (CLE PW +11.8%) which have shown erratic movement in recent weeks. In London, shares of mining firm Ferrexpo (FXPO LN +1.3%) moved the most. In Kyiv, the Ukrainian Exchange (UX) Index improved 1.0%, led by GenCo Donbasenergo (DOEN UK +2.7%).