Market comment

Обзоры рынка 14.06.2013 The European equities slump finally began to seep into Ukrainian stocks in trading on Thursday, June 13. The WIG Ukraine Index of Warsaw-traded stocks fell 1.3%, erasing the prior session’s gain. The biggest decliners were the thinly traded shares of car battery maker WESTA (WES PW -7.7%) and farmer Industrial Milk (IMC PW -3.8%), which had its five-session win streak snapped. Nevertheless, Industrial Milk has advanced 15.8% in June. Traders slammed Kulczyk Oil (KOV PW -6.5%). The damage was worse in London, where shares of egg producer Avangard (AVGR LI) plunged 4.7%. JKX Oil & Gas (JKX LN -4.1%) took another big hit, deepening its June loss to 12.8%. JKX Oil & Gas is trading at its lowest price in more than nine years. Traders extended their self-off of Bank of Georgia (BGEO LN -2.8%), which has plunged 11.6% since hitting an all-time high on May 29. In Kyiv, the Ukrainian Exchange (UX) Index inched up 0.3%, led by Unicredit’s Ukrsotsbank (USCB UK +1.8%).