OREANDA-NEWS. November 17, 2011. Concorde Capital released daily Ukrainian market view:

The UX lost 0.36% on Wednesday, with trading in the afternoon flat after the index erased early gains. The worst performer was Yenakiieve Steel (ENMZ UK) -6.81%; its shares have fallen 21.3% in the last three sessions after a large buyer appeared and snapped up free float from the market, which pushed the stock up 88.5% over November 1-11. Among blue chips, the other steepest decliners were Yasynivsky Coke (YASK UK) -3.95% and Donbasenergo (DOEN UK) -3.20%. Machine builders all finished in positive territory though, including Motor Sich (MSICH UK) +0.17%, Kryukiv Wagon (KVBZ UK) +1.51% and Stakhaniv Wagon (SVGZ UK) +0.70%.

We expect the Ukrainian stock market to open in the red today. Asian stocks are trading mixed this morning after U.S. stocks fell hard in the last trading hour of Wednesday after Fitch Ratings said U.S. banks’ credit outlook might worsen if the Eurozone debt crisis is not resolved in a timely manner. Today the market will be focused on news expected midday on up to EUR 11 bln in bond placements from Spain and France.

In other news, MSCI, as part of its semiannual index review, announced yesterday it reclassified Ukraine from its “very low liquidity” category to “average liquidity” following its previous inclusion of the UX as an eligible stock exchange for MSCI Ukraine Indices.