OREANDA-NEWS. September 29, 2011. Concorde Capital released daily Ukrainian market view:

The UX retreated 0.41% on Wednesday at close, following European bourses lower on the day (FTSE 100 -1.44%, DAX -0.89%, RTS -0.19%). The two biggest decliners on the local market were basic materials names Alchevsk Iron & Steel (ALMK UK, N/R) -2.38% and Avdiivka Coke (AVDK UK, BUY) -2.03%. At the same time, railcar manufacturers bucked the trend, with Kryukiv Wagon (KVBZ UK, U/R) +4.17% and Stakhaniv Wagon (SVGZ UK, BUY) +1.37%. The WIG-Ukraine index put off 0.78% during the session, with Astarta (AST PW, HOLD) leading the declines and receding 3.79%.

U.S. stocks declined on Wednesday, halting a three-day rally, as investors worried about Europe’s ability to contain its debt crisis. Raw materials companies had the biggest decline after prices for commodities fell sharply. This morning Asian stocks are trading neutral, with most recovered from early losses. U.S. stock futures are gaining and European futures are rebounding as well as oil prices, ahead of a vote by German lawmakers on changes to a European bailout fund. Russian stocks started off at losses of around 0.5%. We see the Ukrainian stock market also opening in the red, but sentiment on global markets lending some support to Ukrainian stocks.