Market comment

Обзоры рынка 04.07.2013 Ukrainian agricultural stocks proved resilient to the selling on Wednesday, July 3 that stemmed from political instability in Portugal. The WIG Ukraine Index of Warsaw-traded stocks inched up 0.1%, led by demand for farmer Industrial Milk (IMC PW +4.2%), which has gained 9.5% in two sessions. KSG Agro (KSG PW +0.2%) has advanced 11.6% in five straight winning sessions. Another farming and food processing company, Agroton (AGT PW +0.8%), has risen 4.6% in three sessions. Among farmers, only Milkiland (MLK PW -2.5%) had a significant drop in demand, prompted by the announcement of a share buyback. The WIG Ukraine Index has improved 1.7% in four straight positive sessions. In London, Regal Petroleum (RPT LN +6.1%) has almost fully recovered from its July 1 sell-off that sent the shares plunging 19.4%. Mining firm Ferrexpo (FXPO LN) slid 3.7%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks fell 0.9%, pulled down by Donbassenergo (DOEN UK -2.4%).