Market comment

Обзоры рынка 24.07.2013 Ukrainian equities were in brisk demand despite declines on the Western markets in trading on Tuesday, July 23. The WIG Ukraine Index of Warsaw-traded stocks increased 2.0%, fueled by demand for farmer Agroton (AGT PW +11.9%), which has otherwise fallen 25.1% this month. Sugar producer Astarta (AST PW +5.4%) has gained 12.3% in five straight advancing sessions, reaching its highest price in nearly 22 months. Milkiland (MLK PW) rose 3.1% while Coal Energy (CLE PW +1.9%) has increased 8.1% in two sessions. In London, demand was high for Regal Petroleum (RPT LN +5.9%), which has otherwise fallen 12.5% this month, and egg producer Avangard (AVGR LI +4.3%), which has improved 5.9% in two sessions. Miner Ferrexpo (FXPO LN +3.0%) has surged 29.6% this month. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks was unchanged, with the biggest mover being Alchevsk Steel (ALMK UK –1.4%), which fell on poor 1H13 financials.