OREANDA-NEWS. October 31, 2011. Concorde Capital released daily Ukrainian market view:
The UX rose 0.91% on Friday, with turnover thin at just UAH 116.3 mln. Among blue chips, the best performers were Stakhaniv Wagon (SVGZ UK) +5.4%, Alchevsk Iron & Steel (ALMK UK) +3.4%, and Yenakiieve Steel (ENMZ UK) +2.9%. Ukrtelecom (UTLM UK) was the biggest decliner, falling 2.1% during the session.
U.S. stocks finished flat on Friday as data on consumer confidence and spending failed to boost equities a day after European leaders expanded the region’s bailout plan. Asian stocks are declining this morning, as companies report losses and China vowed to maintain property lending curbs. The yen fell from a post-WWII record against the U.S. dollar after Japan intervened in its currency markets. We expect to see the Ukrainian stock market open in the red today, with investors looking for more detail at a G-20 meeting later this week and Federal Open Market Committee statement on Wednesday.
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