Market comment

Обзоры рынка 10.07.2013 Ukraine’s most liquid equities were in high demand at the Tuesday, July 9 trading session. In London, shares of mining firm Ferrexpo (FXPO LN), Ukraine’s most widely traded stock, surged 12.2% after the company reported boosted ore mining at its new Yeristovo mine. Another highly liquid stock, Bank of Georgia (BGEO LN +1.1%), has gained 8.3% in four straight positive sessions. The WIG Ukraine Index of Warsaw-traded stocks rose 0.5%, extending its hot streak to eight consecutive sessions at a 5.2% gain. Leading the demand was the Index’s most traded stock, grain trader Kernel (KER PW +2.0%), which has advanced 5.5% in six straight winning sessions. Yet another liquid stock, Serinus Energy (SEN PW -9.3%), has been sold off by investors after it completed its absorption of Kulczyk Oil, plummeting 25.7% in the four sessions since the launch of the trading (following a 13-session break). The Ukrainian Exchange (UX) Index of Kyiv-traded equities improved 1.2%, led by GenCo Centrenergo (CEEN UK +2.0%).