OREANDA-NEWS. April 15, 2011. Concorde Capital released daily Ukrainian market view:
As we expected, the UX struggled to find direction yesterday and closed flat at 2,737.03. Total equity turnover was still low at UAH 202.1 mln. The most active names yesterday were Motor Sich (MSICH UK), down 0.91% on UAH 38.3 mln, and Azovstal (AZST UK), up 6.83% on UAH 33.9 mln, on expectations of a hefty dividend payout being approved at its EGM next Friday (see our flash note from yesterday for more). Virtually all over blue chips closed in the red. The biggest decliners were Stakhaniv Wagon (SVGZ UK), down 3.21%, and Ukrsotsbank (USCB UK), down 1.99%.
Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.
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