Concorde Capital Released March 20 Ukrainian Market View
OREANDA-NEWS. March 20, 2012. Concorde Capital released daily Ukrainian market view:
Ukrainian stocks sank on Monday (WIG-Ukraine -0.7%, UX -0.8%) as the rest of the continent took a breather after last week’s rally (FTSE 100 -0.1%, DAX -0.1%, CAC 40 -0.5%). In Warsaw, leading the way down were Milkiland (MLK PW) -4.3%, Agroton (AGT PW) -1.6% and Kernel (KER PW) -1.3%. A few names managed to buck the trend though, namely Industrial Milk Company (IMC PW) +5.3% and Westa (WES PW) +3.2%. On the local UX, only one blue chip posted a gain: Raiffeisen Bank Aval (BAVL UK) +0.4%. The worst performers were Ukrsotsbank (USCB UK) -4.3% and Alchevsk Iron & Steel (ALMK UK) -2.1%. In London, most names advanced over the session, including JKX Oil & Gas (JKX LN) +2.5%, MHP (MHPC LI) +2.2% and Avangard (AVGR LI) +1.6%. Cadogan Petroleum (CAD LN), down 7.8%, posted the Ukrainian universe’s biggest loss yesterday, following news Eni did not plan to increase investment in a joint project in Ukraine.
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