Market comment

Обзоры рынка 19.06.2012 Ukrainian stocks took a breather yesterday after a string of gains in recent days, Warsaw’s WIG-Ukraine index fell 1.4% and the local UX dropped 0.8%. In Warsaw, the decline was paced by Westa (WES PW) -9.5%, which reversed courses after two days of 20%+ performance, while Kernel (KER PW) declined 3.2%. On the UX, all but two blue chips were in the red, led by Ukrnafta (UNAF UK) -4.9%. In London, the picture for Ukrainian equities was different, with several strong gainers including JKX Oil & Gas (JKX LN) +8.5% and Ferrexpo (FXPO LN) +3.8%.