Market comment

Обзоры рынка 19.07.2013 Warsaw-traded Ukrainian equities rode the European momentum that reached a seven-week peak on Thursday, July 18. The WIG Ukraine Index of Warsaw-traded stocks powered forward 1.9%, led by Milkiland (MLK PW +5.3%) and grain trader Kernel (KER PW +2.7%), which has risen 3.2% in three straight positive sessions. Farmer Industrial Milk (IMC PW +0.1%) has gained 7.1% in seven straight winning sessions. Yet traders weren’t done dumping their shares of farmer Agroton (AGT PW -12.5%), which have plummeted 41.4% this month. In London, traders extended their sell off of Regal Petroleum (RPT LN -8.5%), which has lost 16.8% in five straight declining sessions. JKX Oil & Gas (JKX LN) increased 3.4%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks fell 0.5%, led by selling in banking stocks Raiffeisen Bank Aval (BAVL UK -1.5%) and Unicredit’s Ukrsotsbank (USCB UK -1.5%).