OREANDA-NEWS. September 22, 2011. Concorde Capital released daily Ukrainian market view:

The UX managed to finish yesterday 0.75% higher thanks to a boost late in the day. Most other major European indices closed down yesterday (FTSE 100 -1.40%, DAX -2.47%), while Russia was also setback (RTS -1.10%). Activity on the local Ukrainian Exchange was extremely thin, with not even USD 10 mln in total equity turnover moving over the platform. Utilities companies Donbasenergo (DOEN UK, BUY) +2.97% and Centrenergo (CEEN UK, BUY) +1.52% both advanced yesterday, with the Cabinet of Ministers setting the starting prices for the first privatization auctions to take place in the sector in 12 years.

Yesterday’s focus was on the Federal Reserve, whose statement which was released after local market close, proved to be in line with expectations. The Fed announced Operation Twist, but also cited significant downside risks to the economic outlook, which sent equity markets spiraling downward. US futures this morning are still in the red and Asian markets are following suit (Nikkei 225 -1.93%, Hang Seng -3.66%). The Russian stock market opened off more than 2.5% today. We see the Ukrainian stock market also opening sharply lower this morning, reversing all of the previous session’s gains.