OREANDA-NEWS. November 18, 2011. Concorde Capital released daily Ukrainian market view:
The UX sank a further 1.41% on Thursday. The worst performers among local blue chips were Ukrtelecom (UTLM UK) -4.72% and Yenakiieve Steel (ENMZ UK) -4.26%, which brought the stock’s loss over the last four sessions to 24.70%. Financial stocks were also among the biggest losers, with Raiffeisen Bank Aval (BAVL UK) -2.50% and UniCredit Bank Ukraine (USCB UK) -3.34%, with global sentiment toward banks clearly risk-off.
U.S. stocks fell yesterday despite positive data on the U.S. economy, as rising borrowing costs in Europe unnerved Wall Street (Dow -1.13%, S&P 500 -1.68%). Asia shares are falling today (Nikkei -1.23%, Hang Seng -1.73%) following global markets yesterday. After starting down early, the UX is up 0.73% as of 11:30 local time.
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