UFC Capital Released Ukrainian Stock Market Analysis (21 August 2008)
OREANDA-NEWS. On 22 August 2008 was announced, that on 21 August, the Ukrainian market continued its decline: the PFTS index sank 2.6%, easily broke through the level of 625 points and stopped only at 613-point level. We preserve the level of 625 points as its main support till this break through is confirmed either by sufficient decline in percentage terms or rather long term.
The broad UFC index also continued its series of drops and on Wednesday lost 1.2%. The UFC Metals index shed 0.7% yesterday and thus it insignificantly broke through its support level of 400 points. The UFC Utilities sank 0.5%, while the top decliner yesterday became UFC Engineering index that plummeted 6.2%.
Yesterday, BAVL confirmed its USD 0.15 mark break through and returned to its former range of USD 0.08-USD 0.15. UTEL is testing its new lows, which yesterday slightly passed through its support of USD 0.13. The new support for this security may be formed at the level of USD 0.12.
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