OREANDA-NEWS. August 26, 2011. Concorde Capital released daily Ukrainian market view:
Today looks set to be another challenging day for Ukrainian equities, with markets tentative ahead of Ben Bernanke’s speech on the US Fed’s plans to stimulate the American economy at Jackson Hole later in the day (expected at ~17:00 local time). US, European and regional markets were mostly negative yesterday (Dow -1.51%; S&P 500 -1.56%; FTSE 100 -1.44%; RTS -1.07%; WIG +0.32%). Asian stocks are oscillating between gains and losses this morning and US & European futures are mixed. Ukraine’s benchmark equity index, the UX, fell 2.90% yesterday to close the day at 1,647.52. With virtually all liquid stocks posting losses, the biggest decliners were Stakhaniv Wagon (SVGZ UK), which sank 5.29%; and Ukrnafta (UNAF UK), which dropped 5.22%.
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