OREANDA-NEWS. March 16, 2012. Concorde Capital released daily Ukrainian market view:

Ukraine’s benchmark equity index, the UX, plunged by as much as 4.1% during the day on Thursday before correcting to close down 2.0%. Two stocks that will be ousted from the index basket today were responsible for much of the carnage: Ukrtelecom (UTLM UK) dropped 4.9% and Yasynivsky Coke (YASK UK) fell 2.7%. Ukrnafta (UNAF UK) also posted a sizable loss for the session, down 4.3%. In all, only three blue chips managed to squeak into the black. Overall though, news flow on Ukraine was decidedly negative, with S&P downgrading the sovereign credit rating outlook and a government official saying that the nation was seeking to restructure its debt due to the IMF this year. Globally, equity markets were more calm (FTSE 100 -0.1%, DAX +0.9%, RTS -0.1%). Ukrainian names trading abroad were also more muted. In Warsaw, Industrial Milk Company (IMC PW) rose 6.1% and Milkiland (MLK PW) added 2.2%. At the other end of the spectrum, the biggest decliners were Westa (WES PW) -2.0% and Sadovaya Group (SGR PW) -1.5%.