Concorde Capital Released March 28 Ukrainian Market View
OREANDA-NEWS. March 28, 2012. Concorde Capital released daily Ukrainian market view:
Ukrainian equities were mostly up on Tuesday (WIG-Ukraine +1.0%, UX +0.5%), in line with emerging markets (MSCI EM +1.1%), as data on US consumer confidence showed it held near a one-year high in March and following Monday’s comments from US Federal Reserve Chairman Ben Bernanke that were viewed as supportive of monetary easing. In Warsaw, several names made strong gains yesterday, capped by Sadovaya Group (SGR PW) +4.3%, which clawed back some of its losses from the previous two days (-27.5%). Other advancers included Kernel (KER PW) +2.2%, Agroton (AGT PW) and Coal Energy (CLE PW), both up 2.0%. On Kyiv’s Ukrainian Exchange, Motor Sich (MSICH UK) soared up 5.2%, one of only three blue chips in the green yesterday, which pulled the entire index into positive territory for the day. The other gainers were Ukrsotsbank (USCB UK) +0.5% and Raiffeisen Bank Aval (BAVL UK) +0.3%.
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