OREANDA-NEWS. December 20, 2011. Concorde Capital released daily Ukrainian market view:

Emerging market indices capitulated on Monday as Kim Jong Il’s death raised fear of instability in the region. Ukrainian equities (UX -1.7%, WIG-Ukraine -1.8%) moved in line with other EM bourses (MSCI EM -1.7%). In Poland, the decline was led by Astarta (AST PW) -6.0%, Kulczyk Oil (KOV PW) -5.7% and Sadovaya Group (SGR PW) -3.9%. All stocks in the UX index basket lost ground; the worst performers were railcar manufacturers Stakhaniv Wagon (SVGZ UK) -6.1% and Kryukiv Wagon (KVBZ UK) -3.8% as yet another of their peers, Dniprovahonmash, reported output disruptions due to low casting supplies a day earlier. In London, listed independent oil & gas producers with assets in Ukraine also saw strong selling, with Cadogan Petroleum (CAD LN) -7.5%, JKX Oil & Gas (JKX LN) -5.9% and Regal Petroleum (RPT LN) -4.0%. In Frankfurt, MCB Agricole (4GW1 GR) dropped 16.4% on news it postponed plans for an IPO in Warsaw; the stock is down 34.5% since the beginning of the month.