OREANDA-NEWS. April 11, 2012. Concorde Capital released daily Ukrainian market view:
Ukrainian equities continued to slide deeper into the red, with Eurozone worries and downbeat economic reports from the US last week and China weighing down sentiment across the globe. The local UX dropped 1.1%, with all stocks in the index basket posting losses. Most Ukrainian stocks trading in London also moved lower, led by Ferrexpo (FXPO LN) -6.2% and JKX Oil & Gas (JKX LN) -6.3%. Poland’s WIG-Ukraine index managed to close up on the day, boosted by a 2.9% gain in Kernel (KER PW). Kulczyk Oil (KOV PW) dropped 10.3%, following news Ukraine planned to a harmful increase in royalties on natural gas extraction.
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