Market comment

Обзоры рынка 13.06.2013 Ukrainian equities demonstrated remarkable defiance to slumping global markets in trading on Wednesday, June 12. The WIG Ukraine Index jumped 1.3%, fueled by agricultural stocks. The surging shares of Industrial Milk (IMC PW +9.5%) have advanced 20.4% in five straight winning sessions. KSG Agro (KSG PW +7.9%) has skyrocketed 36.0% in three straight gaining sessions after hitting its lowest price on June 7 since its May 2011 IPO. Milkiland (MLK PW) improved 3.4% despite more regulatory trouble in Russia. Investors also snapped up the devastated shares of Coal Energy (CLE PW +4.9%). In London, real estate firm DUPD (DUPD LN) rose 2.0% while Bank of Georgia (BGEO LN) plunged 3.2%. In Kyiv, the Ukrainian Exchange (UX) Index inched up 0.1%, led by Yenakiieve Steel (ENMZ UK +1.2%).