OREANDA-NEWS. November 2, 2011. Concorde Capital released daily Ukrainian market view:

The UX plummeted another 4.28% on Tuesday. Total equity turnover remained thin, with just UAH 104.7 mln moving over the exchange. The selling was broad-based, with all local blue chips except one finishing deep in the red. The worst decliners were Ukrnafta (UNAF UK) -6.71%, Raiffeisen Bank Aval (BAVL UK) -6.64%, and Azovstal (AZST UK) -6.45%. The only stock to push into positive territory was Stakhaniv Wagon (SVGZ UK), which rose 1.06%.

U.S. stocks fell hard for a second day yesterday, driving the S&P 500 to its biggest two-day slump in a month on concern that a Greece referendum pledged by Prime Minister George Papandreou would threaten Europe’s bailout. The market offered little reaction to a gauge of U.S. manufacturing in October, which fell to 50.8% from 51.6% in September. Asian shares are down this morning, with banks declining. European and U.S. stock index futures are up today though, signaling benchmark indices might rebound, while Treasuries are falling before an emergency summit in Cannes to discuss the Greek referendum and the U.S. Federal Reserve concludes a two-day policy meeting. We expect the Ukrainian stock market to open higher today on low trading activity.