OREANDA-NEWS. October 4, 2011. Concorde Capital released daily Ukrainian market view:

The global market rout continued on Monday as the calendar turned ahead to October, with fears of a Greek default unassuaged. In Poland, the WIG-Ukraine index slid just 0.26%, with declines posted by Astarta (AST PW, HOLD) -3.22%, while other names closed moderately higher: Kernel (KER PW, N/R) +0.41%, Coal Energy (CLE PW, N/R) +1.83%, Milkiland (MLK PW, BUY) +1.01% and Agroton (AGR PW, N/R) +1.85%. On the local exchange, the UX put off 2.83%, with all index stocks in the red. Basic materials were among the worst performers, losing ground with their global peers: Alchevsk Iron & Steel (ALMK UK, N/R) -5.77%, Yenakiieve Steel (ENMZ UK, N/R) -5.69%, and Avdiivka Coke (AVDK UK, BUY) -4.27%. Banks also suffered from sector-driven pessimism yesterday: Raiffeisen Bank Aval (BAVL UK, N/R) -4.43% and UniCredit Bank Ukraine (USCB UK, N/R) -3.71%.

Stocks and commodities dropped on Monday, sending the S&P 500 and oil to more than one-year lows. Asian shares fell this morning, extending steep losses from the previous session. World indices are falling as worries over the Eurozone debt crisis overshadowed higher-than-estimated U.S. economic data (ISM Manufacturing index rose to 51.6% in August). Russian exchanges are off 0.7% in early trading. We believe the Ukrainian stock market will open lower as well. Europe remains the market’s central concern, with potential responses to the debt crisis likely to dominate this week’s market activity.