OREANDA-NEWS. January 23, 2012. Concorde Capital released daily Ukrainian market view:
Ukrainian stocks struggled to find direction on Friday (WIG-Ukraine +0.1%, UX +0.1%) after their biggest rally of the year a day earlier. In London, on the positive end were MHP (MHPC LI) +2.4% and KDD Group (KDDG LN) +1.7% and at the negative end were oil & gas producers Cadogan Petroleum (CAD LN) -8.1% and JKX Oil & Gas (JKX LN) -3.3%. In Poland, Astarta (AST PW) closed up, +1.9%, while Milkiland (MLK PW) led the decliners, down 4.6%. Stocks on the local UX were also mixed. Banks were among the best performers with Raiffeisen Bank Aval (BAVL UK) +2.9% and Ukrsotsbank (USCB UK) +2.1%. Meanwhile, basic materials names largely lost ground: Yenakiieve Steel (ENMZ UK) -3.3%, Alchevsk Iron & Steel (ALMK UK) -1.1% and Yasynivsky Coke (YASK UK) -0.9%.
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