Market comment

Обзоры рынка 12.06.2012 Ukrainian equities moved further into positive territory on Monday: UX +4.9%, WIG-Ukraine +0.5%. Emerging markets overall got a boost yesterday after Spain came out with a new plan to bailout its banks and Chinese exports climbed more than double what economists predicted last month. On the local UX, all 10 blue chips closed up. These best performers were Avdiivka Coke (AVDK UK) +9.5% and Azovstal (AZST UK) +6.9%. In Warsaw, coal miners were among the biggest advancers among Ukrainian stocks – Coal Energy (CLE PW) added 7.0% and Sadovaya Group (SGR PW) rose 4.8%. In London, Ukrainian stocks were mixed: Avangard (AVGR LI) made 3.5%, but Ferrexpo (FXPO LN) lost 4.0%.