PFTS Index Affected by Correction
OREANDA-NEWS. Following the slowdown on international markets, the Ukrainian PFTS Index advanced only marginally as the most popular stocks in October 2 rally experienced a mild correction. As a result, the index increased by 0.3% to 1,070.6 points.The talks initiated by Gazprom on natural gas debts, as well as continued uncertainty over the make-up of the next parliamentary coalition, seem to have had little impact on the index thus far.
The most actively traded stocks on Wednesday were Zakhidenergo (-0.2%), Azovstal (-0.2%), Centerenergo (+0.7%), Enakievo Steel (+0.5%), Donbasenergo (-0.1%) and Illich Steel (-2.4%). High liquidity was the main factor behind the active trading. Ukrnafta (+1.5%) was also popular with investors, as the prolonged depreciation of the stock has made it attractive in light of favorable international oil prices and the internal political situation in Ukraine.
Analysts of Alfa-Bank expect the correction to continue in line with the trends on international markets, as the domestic situation remains unresolved and the signals for post-election investment strategies remain mixed.
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