UFC-Capital Announced Ukrainian Market Daily Review (1 December 2008)
OREANDA-NEWS On 01 December was announced, that the high trade volumes during the last trading session in November were not representative due to the large number of rating deals. On Friday, the PFTS index had no any distinguished dynamics and gained just 0.4%. The broad UFC index sank 0.3% because of decline in steelmaking companies quotations by 0.9% on the average. In their turn, energy and machine engineering represented by UFC Utilities and UFC Engineering indices grew 2.9% and 5.9%, accordingly.
A weak index dynamics of late is not a surprise as the current situation is characterized both by the lack of buyers and sellers, who are willing to stop losses at such low values. Due to this reason, in the near future the Ukrainian stock market movement will in many aspects be determined by external news that will form the sentiments of domestic traders.
Detailed information are available here.
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