OREANDA-NEWS. May 13, 2011. Concorde Capital released daily Ukrainian market view:
The UX lost ground for a third day in a row, shedding 2.20% to 2,506.37. Market activity picked up though, with total equity turnover rising to UAH 255.2 mln. Once again, the most active stock was Motor Sich (MSICH UK), which fell 3.01% on UAH 33.8 mln in volume. Among blue chips, the worst performers were Zakhidenergo (ZAEN UK), down 4.98%, and Stakhaniv Wagon (SVGZ UK), down 4.32%. The only blue chip to finish in positive territory was Ukrtelecom (UTLM UK), which rose 0.15%. Despite modest gains on Wall Street overnight, Asian markets are opening in negative territory and oil prices are on the decline, suggesting Ukrainian equities are likely to again fail to make it into the black today.
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