Market comment

Обзоры рынка 18.06.2012 Ukrainian equities surged on Friday (UX +3.3%, WIG-Ukraine +2.2%) on speculation of more action to ease Europe’s debt crisis. All blue chips on the local Ukrainian Exchange were in the green, led by Azovstal (AZST UK) +6.8%. In Warsaw, Westa (WES PW) soared up more than 20% for a second session in a row, followed by Industrial Milk Company (IMC PW) +5.4% and Kernel (KER PW) +4.6%. Most Ukrainian names trading in London were also higher, including Ferrexpo (FXPO LN) +11.0% and Cadogan Petroleum (CAD LN) +6.5%.