Market comment

Обзоры рынка 02.07.2013 Ukrainian equities followed the European markets in reacting positively to economic data released on Monday, July 1. The WIG Ukraine Index of Warsaw-traded stocks rose 0.6%, led by dairy producer Milkiland (MLK PW +3.9%). Coal Energy (CLE PW -5.5%) has plunged 24.4% in four straight losing sessions to approach its all-time low. In London, traders sold off their shares of Regal Petroleum (RPT -19.4%) after it reported a lack of progress in stimulating natural gas flow at both its brand new wells. Most other Ukrainian equities were in the black as investors went bottom-fishing for Ferrexpo shares (FXPO LN +5.6%), which are at their lowest price in nearly four years. Bank of Georgia (BGEO LN +3.0%) has improved 5.1% in two sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks inched up 0.2%, led by Yenakiieve Steel (ENMZ UK +2.4%).