Market comment

Обзоры рынка 17.09.2012 Ukraine’s UX index was the EMEA region’s best performing index on Friday, surging following Thursday’s announcement of the US Federal Reserve’s new stimulus package. The index’s 8.9% gain handily beat the MSCI FM’s 0.7% rise and the MSCI Europe’s 3.1% move. All ten local blue chips were green, led by doublt-digit advances by Avdiivka Coke (AVDK UK) +13.9%, Alchevsk Iron & Steel (ALMK UK) +11.7% and Donbasenergo (DOEN UK) +11.2%. In London, Ferrexpo (FXPO LN), also benefitting from iron ore pricing rebounding from a three-year low, lept up 14.8%. Cadogan Petroleum (CAD LN) was also a big gainer, rising 10.1%. Warsaw’s WIG-Ukraine index, meanwhile, failed to gain traction, dipping 0.4%, pulled down by losses in Astarta (AST PW) -4.3% and Westa (WES PW) -7.3%.