UFC-Capital Announced Ukrainian Market Daily Review (8 October 2008)
OREANDA-NEWS On 09 October was announced, that the Ukrainian stock market demonstrated again its high dependency on developments taking place on the global trading floors. The PFTS index lost 8.1% and closed at the level of 320 points. The index with broader base – UFC – went down by 4.8%, no exception became sectoral indices as well: UFC Metals shed 3.1%, UFC Utilities – 3.8%, and UFC Engineering – 6.3%.
Among decliners we would like to highlight CEEN and UNAF. CEEN significantly broke through the level of \\$1.5, which allows us to revise its support by setting it at the USD 1.1 level. The situation is similar for UNAF as well, which in case of further market decline will be looking for support at the level of USD11.
The PFTS index again proved its support levels weakness, since sellers’ and buyers’ forces are not equal on the days of panic. We finally change the support level from 375 points to 275 points.
Detailed information are available here.
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