Market comment

Обзоры рынка 10.06.2013 Ukrainian equities followed European markets in rallying after a better-than-expected U.S. jobs report at the Friday, June 7 trading session. The WIG Ukraine Index of Warsaw-traded stocks rose 1.3%, led by farmer Industrial Milk (IMC PW +2.9%) and egg producer Ovostar (OVO PW +2.0%). The WIG Ukraine Index improved 2.4% for the week. The Index’s biggest story remains sugar producer Astarta (AST PW +1.9%), which has gained 14.6% in eight straight winning sessions. In London, the biggest movers were Cadogan Petroleum (CAD LN -2.3%) and JKX Oil & Gas (JKX LN -2.1%), which fell 5.4% last week. Shares of miner Ferrexpo (FXPO LN +0.4%) were down 5.9% for the week. In Kyiv, the Ukrainian Exchange (UX) Index increased 1.2%, fueled by Alchevsk Steel (ALMK UK +3.3%). The UX Index finished the week at a 1.3% loss.