Market comment

Обзоры рынка 11.06.2012 Ukrainian stocks rebounded on Friday, with the UX up 3.9% and WIG-Ukraine up 2.6%. Overall, frontier markets declined to end last week on the back of disappointing economic data from Germany & Italy and on concerns China’s interest rate cut would eat into bank profits. Both the UX and WIG-Ukraine saw seven of 10 index components post gains. The largest advancers were on the UX: Motor Sich (MSICH UK) +7.7%, Yenakiieve Steel (ENMZ UK) +7.6% and Donbasenergo (DOEN UK) +7.4%. Westa (WES PW) was the worst performer of the day, shedding 13.5%. In London, most Ukrainian names were down over the session, including JKX Oil & Gas (JKX LN) -2.3%, Ferrexpo (FXPO LN) -2.2% and MHP (MHPC LI) -1.4%.