Market comment

Обзоры рынка 06.06.2013 Some Ukrainian equities were resilient to the worsening sentiments in Europe at the Wednesday, June 6 trading session. The WIG Ukraine Index of Warsaw-traded stocks rose 1.1%, led by the erratic shares of car battery maker WESTA (WES PW +7.8%) and sugar maker Astarta (AST PW +3.2%), which have increased 9.6% in six straight rising sessions. In London, Cadogan Petroleum (CAD LN) surged 8.4%, while the shares of miner Ferrexpo (FXPO LN) dropped 3.8%. JKX Oil & Gas (JKX LN) slid 2.5% for the day, though they started to rise in value after the afternoon news that the company’s AGM voted to affirm the current management. In Kyiv, the Ukrainian Exchange (UX) Index fell 0.6%, pulled down by the shares of engine maker Motor Sich (MSICH UK -1.5%) and Raiffeisen Bank Aval (BAVL UK -1.5%).