OREANDA-NEWS. The PFTS Index corrected by 0.7% on Friday to close at 1,132 points, as investors took profits on most stocks that are approaching their price targets. Ukrnafta (+0.03%) was the most actively traded, as oil prices continue to fluctuate near historical maximums. Zakhidenergo (-0.62%) and Centrenergo (-0.95%) were popular names for sale in the electricity sector, while Alchevsky Metals Plant (-0.25%) and Enakievo Metals Plant (+0.12%) showed the largest trading volumes among metals stocks. Motor Sich (-1.4%) and Kryukov Railcar Plant (-1.1%) also stabilized at new levels.

In the view of Alfa Bank's analyst Denis Shauruk, "with real term growth in engine production exceeding 45%, we expect the engineering sector to be less prone to further corrections. The steel sector is also well protected, in our view, due to the real growth of more than 10% and strong sales price appreciation." The overall market picture indicates expectations of continued growth, but at a much slower pace, through the end of the year, with PFTS fluctuations becoming more sensitive to trends on international markets.