OREANDA-NEWS  On 20 October was announced, that the PFTS index shed 5.2% and broke through its support of 275 points. For the time being we shall not revise this level, since very often after breaking through the important levels the PFTS index rebounds up. Yet, allow for weak supports both for the index and some securities, the rebound may fail to take place.

The broad UFC index lost 1.3% and sectoral indicators continued their decline. Energy lost 4%, machine engineering – 2.8%, and iron and steel – 0.7%. 

Such low levels of liquid Ukrainian shares arrest part of investors from selling, as for them it is psychologically difficult to stop such impressive losses. Despite this, the further decline of some positions is observed. Yesterday, UTEL confirmed its breaking through of the UAH 0.3 level by closing at UAH 0.25 mark. The new support for this security will be at UAH 0.20. KIEN and BAVL are below their support levels, but in view of insignificant breakthrough, we shall not revise levels for these securities for the time being.

Detailed information are available here.