Market comment

Обзоры рынка 13.06.2012 Ukrainian stocks extended their rally to a third straight day with the WIG-Ukraine index rising 3.6% and UX adding 3.3% on Tuesday. The advance bested the performance of exchanges in Europe, which though up, were under pressure as concern surfaced about Spain’s bank bailout plan (MSCI Europe +0.3%). Solid performances by index heavyweights Kernel (KER PW) +4.2% and Astarta (AST PW) +5.2% in Warsaw and Centrenergo (CEEN UK) +8.2% ensured both benchmark Ukrainian equity indices were up. In London trading, the picture was reversed, with most stocks losing ground, including JKX Oil & Gas (JKX LN) -4.8%, Avangard (AVGR LI) -1.7% and Ferrexpo (FXPO LN) -1.2%.