OREANDA-NEWS. March 19, 2012. Concorde Capital released daily Ukrainian market view:

Locally traded Ukrainian equities got hammered on Friday, with the UX dropping 1.6%. Every stock in the 10-component index was in the red, with the worst performers Yenakiieve Steel (ENMZ UK) -3.5% and Ukrsotsbank (USCB UK) -3.2%. It was an entirely different day for the WIG-Ukraine index, which fared better, rising 1.6%. Pushing up the Warsaw index were gains in Kernel (KER PW) +4.2%, Industrial Milk Company (IMC PW) +3.4% and Milkiland (MLK PW) +3.2%. However, basic materials and machinery stocks in Warsaw also saw selling pressure, with Westa (WES PW) -2.3%, Sadovaya Group (SGR PW) -2.1% and Coal Energy (CLE PW) -1.8%. In London, most Ukrainian names were also lower including Cadogan Petroleum (CAD LN) -3.5% and JKX Oil & Gas (JKX LN) -1.2%. Bank of Georgia rode higher on Friday, unlike most Ukrainian equities, adding 5.8%. Global markets, in contrast, were mostly flat ahead of the weekend (MSCI Europe +1.3%, MSCI EM -0.1%).