OREANDA-NEWS. December 22, 2011. Concorde Capital released daily Ukrainian market view:
Ukrainian equities listed abroad jumped on Wednesday (WIG-Ukraine +3.3%), backed by positive sentiment in the EM equity space (MSCI EM +1.7). In Warsaw, the best performers were Astarta (AST PW) +10.9% and KSG Agro (KSG PW) +4.5%. In London, nearly all Ukrainian names caught the rally including Cadogan Petroleum (CAD LN) +6.1%, Ferrexpo (FXPO LN) +4.9% and JKX Oil & Gas (JKX LN) +4.7%. Landkom (LKI LN) fell 16.0% over the session on news Alpcot Agro (ALPA SS) was launching a friendly takeover bid. The UX (-0.1%) however succumbed to building pressure on European stocks, as strong demand pushed the ECB’s initial LTRO allotment up to USD 640 bln, sparking new fears about the stability of European banks. All of the most active locally-traded names by turnover were down on the day: Centrenergo (CEEN UK) -0.8%, Avdiivka Coke (AVDK UK) -1.7% and Alchevsk Iron & Steel (ALMK UK) -0.3%.
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