Market comment

Обзоры рынка 12.07.2013 Ukrainian equities didn’t reap the same benefits from Federal Reserve Chairman Ben Bernanke’s dovish comments as the global markets did on Thrusday, July 11. The WIG Ukraine Index of Warsaw-traded stocks slid 0.2%, disrupting an eight-session win streak at a 5.2% gain. Coal Energy (CLE PW) shares crashed 18.3% to their lowest price since their August 2011 IPO. Another big loser was farmer and food producer Agroton (AGT PW -5.2%), which has lost 9.2% in three straight declining sessions. On the positive side, grain trader Kernel (KER PW +0.3%) extended its hot streak to eight sessions at a 10.0% gain. Outside the Index, Serinus Energy (SEN PW) gained 5.1%, extending its rebound off its two-year low reached on July 9. In London, mining firm Ferrexpo (FXPO LN) rode the global equities surge, rising 4.8%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks increased 1.1%, led by Unicredit’s Ukrsotsbank (USCB UK +4.2%), which has advanced 7.1% in five straight winning sessions.