OREANDA-NEWS. March 07, 2012. Concorde Capital released daily Ukrainian market view:

Ukrainian stocks skidded on Tuesday (UX -2.6%, WIG-Ukraine -1.6%), as global markets tumbled on news the EU confirmed its 4Q GDP contracted 0.3% and as Greece announced only 20% of bondholders had accepted a debt swap offer so far. On the local UX, all but two names were in the red, railcar makers Kryukiv Wagon (KVBZ UK) +0.2% and Stakhaniv Wagon (SVGZ UK) +0.4% on news its supplier of casting parts had its Russian quality certificate reinstated. The worst performers were Yenakiieve Steel (ENMZ UK) -6.4% and Raiffeisen Bank Aval (BAVL UK) -5.2%. In Warsaw, again, all but two components of the WIG-Ukraine index lost ground. The steepest decliners there were Sadovaya Group (SGR PW) -5.3%, on weak February results, and Ovostar (OVO PW) -5.2%. Most Ukrainian names trading in London also finished lower, headlined by Cadogan Petroleum’s (CAD LN) -9.3%.