Concorde Capital Released March 22 Ukrainian Market View
OREANDA-NEWS. March 22, 2012. Concorde Capital released daily Ukrainian market view:
The WIG-Ukraine index edged up on Wednesday, rising 0.6%, as investors digested 2011 financial results. Several Warsaw-traded stocks had a strong day: Ovostar Union (OVO PW) +5.9%, Milkiland (MLK PW) +2.4%, Kernel (KER PW) +1.2% and Astarta (AST PW) +1.1%. On the other hand, Industrial Milk (IMC PW) fell 7.8% and Westa (WES PW) dropped 3.6%. The local UX retreated 0.3%, with the 10 blue chips evenly split between advancers and decliners. In London, most Ukrainian stocks were up, led by Cadogan Petroleum (CAD LN) +5.8%, Avangard (AVGR LI) +5.6% and MHP (MHPC LI) +1.1%. Emerging markets overall were slightly down yesterday (MSCI EM -0.2%) on continuing concern about China’s economic growth.
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