Market comment

Обзоры рынка 24.01.2013 Ukrainian equities got a boost from positive earnings results in Europe and expectations for a lifted debt ceiling in the U.S. The Ukrainian Exchange (UX) Index rose 2.3%, powered by shares of GenCo Donbasenergo (DOEN UK +3.9%), Raiffeisen Bank Aval (BAVK UK +3.5%) and Avdiivka Coke (AVDK UK +3.2%). In Warsaw, the WIG-Ukraine Index improved 0.6%, led by shares of egg producer Ovostar (OVO PW +2.2%), which have advanced 9.6% in four straight positive sessions. Shares of sugar producer Astarta (AST PW +1.3%) have gained 7.1% in four straight winning sessions. In London, shares of poultry producer MHP (MHPC LI) gained 3.0%, while Cadogan Petroleum (CAD LN -3.9%) plunged even deeper into its lowest price in more than three years.