Market comment

Обзоры рынка 03.10.2013 Ukrainian and European equities switched roles from the previous session, this time with Ukrainian stocks rising while their counterparts slid in trading on Wednesday, October 3. The WIG Ukraine Index of Warsaw-traded stocks rose 0.4%, led by car battery maker WESTA (WES PW +5.7%); egg producer Ovostar (OVO PW +4.0%), which has increased 7.3% in two sessions; and farmer Agroton (AGT PW +3.1%), which has gained 7.8% in two sessions. The Index’s most liquid stock, grain trader Kernel (KER PW), rose 1.8%. In London, Regal Petroleum (RPT LN) jumped 5.9% while Cadogan Petroleum (CAD LN -2.3%) has lost 5.1% in two sessions. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks improved 1.0%, led by Unicredit’s Ukrsotsbank (USCB UK +13.0%), which continues to be the target of a speculative drive.