OREANDA-NEWS. October 6, 2011. Concorde Capital released daily Ukrainian market view:

Like global benchmark indices (FTSE 100 +3.19%, S&P 500 +1.79%), locally-traded Ukrainian equities moved back into positive territory on Wednesday although at a more moderate pace, UX +0.61%, in line with more tentative gains in emerging markets yesterday (MSCI EM +0.64% vs. MSCI World +2.02%). The domestic market’s blue chips were mixed, with the best performers manufacturers and steel: Motor Sich (MSICH UK, BUY) +2.06%, Alchevsk Iron & Steel (ALMK UK, N/R) +2.05%, Kryukiv Wagon (KVBZ UK, BUY) +1.98%, and Azovstal (AZST UK, N/R) +1.43%. Meanwhile, the steepest decliners were Ukrnafta (UNAF UK, N/R) -5.35% and Stirol (STIR UK, N/R) -2.21%. Ukrainian names in Poland were more buoyant, with the WIG-Ukraine rising 2.47%. Kernel (KER PW, N/R) put on 3.64% and Milkiland (MLK PW, BUY) added 3.96%.

U.S. stocks rose sharply yesterday for a second straight day on better-than-expected U.S. economic data and optimism that European officials are moving to support the region’s struggling banks. Energy shares helped lead gains as oil surged following an unexpected drop in supplies. Asia stocks are rallying for the first time in five days this morning, Russian stocks opened up around 2%, and U.S. index futures are declining slightly. We are expecting Ukrainian stock market to open in the green today and we expect low activity and sideways trading in the first half of the day.