UFC-Capital Announced Ukrainian Market Daily Review (25 November 2008)
OREANDA-NEWS On 25 November was announced, that the new week in the Ukrainian stock market started with the PFTS index 2% rise. The major indicator is gradually approaches a 275-point level, around which it has been fluctuating for several weeks in a row.
The new wave of hryvna devaluation against the dollar pushed down the UFC indices calculated in the US dollars. This broad index fell 1.5%, while among the sectoral indices the steelmaking dipped most of all –1.9%. UFC Utilities sank 0.9%, and UFC Engineering –1.1%.
The hryvna-denominated support and resistance levels of watched by us securities remain effective. The expected today rise in Ukrainian blue chips quotations may lead to breaking through of a series of important levels, yet we do not believe this trend to result in their massive revisions.
Detailed information are available here.
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