OREANDA-NEWS. December 23, 2011. Concorde Capital released daily Ukrainian market view:
Emerging markets moved a notch higher on Thursday (MSCI EM +0.4%), buoyed by encouraging data on US jobless claims, which dropped unexpectedly last week to their April 2008 low. Ukrainian equities moved in line with the EM trend (WIG-Ukraine +0.3%, UX +0.6%). JadenFinch said yesterday it would launch a competing bid for Landkom (LKI LN) a day after Alpcot Agro (ALPA SS) announced a friendly takeover bid; the stock was the best performing Ukrainian name, rising 9.5% yesterday after plummeting 16.0% in the previous session. Ukrainian gas producers on the LSE slid again: Cadogan Petroleum (CAD LN) -3.4% and Regal Petroleum (RPT LN) -3.7%. In Warsaw, the best performers were Ovostar Union (OVO PW) +4.2% and Agroton (AGT PW) +2.1%. On the UX, stocks were mixed on low volumes. Azovstal (AZST UK) was the biggest advancer, adding +6.6%. Local banks gained along with their global peers yesterday, with Raiffeisen Bank Aval (BAVL UK) +1.0% and UniCredit Bank Ukraine (USCB UK) +0.8%.
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