UFC-Capital Realized Ukrainian Market Daily Review (4 September 2008)
OREANDA-NEWS On 04 September was announced, that the Ukrainian stock market rebound witnessed on Tuesday resulted to be a short-term one, – on Wednesday, the PFTS index collapsed 3.8%. The key reason of its plummet became political events, which investors almost immediately reacted to. The UFC index fell 2.8%, while sectoral indices closed multi-oriented. So, UFC Metals and UFC Utilities sank 2.9% and 2.5%, accordingly, while UFC Engineering unexpectedly and contrary to the common trend gained 0.8%.
The yesterday’s collapse finally confirmed the break through by UFC Metals index of its support level; therefore, we set a new support at the level of 200 points. We would also like to highlight the yesterday’s close of PGZK, which went below USD 1.6. Meanwhile, ENMZ fell even more and broke through its support at the level of USD 33. A new support for this position may be consolidated nearby USD 22.
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