OREANDA-NEWS. December 21, 2011. Concorde Capital released daily Ukrainian market view:

Ukrainian equities (WIG-Ukraine +1.3%, UX +0.2%) built up steam over the session, moving broadly in line with their EM counterparts (MSCI EM +1.4) on Tuesday, for the second straight day. The rally was the WIG-Ukraine and MSCI EM’s largest in two weeks, supported by strong data from Germany (business confidence beat expectations), the UK (retailer sales volumes rose for the first time in seven months) and the US (home building starts reached a 1.5-year high in November). Astarta (AST PW) was one of the best performing Ukrainian stocks on the day, rising 5.7%, after reporting its sugar output this season was in line with management guidance. Other stocks in Poland were mixed, at the extremes were KSG Agro (KSG PW) +2.9% and Milkiland (MLK PW) -2.2%. In London, Ukrainian oil & gas producers continued to plummet. Cadogan Petroleum (CAD LN) shed 13.5% yesterday; today the stock transfers from premium to standard listing status and is excluded from FTSE indices including FTSE All-Share and FTSE SmallCap. JKX Oil & Gas (JKX LN) dropped 3.0% after UBS cut its rating to Neutral. On the local market, activity remained sluggish, with total turnover at UAH 109.9 mln (USD 13.7 mln). The most liquid stocks on the UX headed in different directions, with Motor Sich (MSICH UK) -2.5%, Avdiivka Coke (AVDK UK) flat and Centrenergo (CEEN UK) +0.7%.