OREANDA-NEWS. September 12, 2011. Concorde Capital released daily Ukrainian market view:

On a difficult Friday, the UX receded 4.52%, in line with declines elsewhere in Europe (FTSE 100 -2.35%, DAX -4.01%, WIG -4.20%, RTS -2.98%). On the local market, banks were among the hardest hit with Raiffeisen Bank Aval (BAVL UK, N/R) dropping 6.79% and UniCredit Bank Ukraine (formerly Ukrsotsbank, USCB UK, N/R) falling 5.56%. Several basic materials names also had a tough run, with Alchevsk Iron & Steel (ALMK UK, N/R) down 6.27%, Avdiivka Coke (AVDK UK, N/R) down 5.54%, and Yenakiieve Steel (ENMZ UK, N/R) down 4.98%. Across the border in Poland, Ukrainian names did slightly better with the WIG-Ukraine index shedding 1.83%. The steepest decliner there was Ovostar Union (OVO PW, N/R), which fell 4.96%. Kernel (KER PW, N/R) dropped 2.27% and Astarta (AST PW, HOLD) put off 2.06%. On news this morning that Germany was prepping to change its stance to allow for a Greek default, Asian markets are off to a rough start (Nikkei 225 -2.22%, Hang Seng -3.61%), as is Russia (RTS -0.92%), setting the tone for what is shaping up to be an ugly day for equities.