UFC Capital Released March 14 Ukrainian Market View
OREANDA-NEWS. March 15, 2011. UFC Capital released daily market view:
The Ukrainian Exchange Index continues to be influenced by external factors, although we note that the indicator was above yesterday's closing at the middle of the trading session. Overall, the index dropped to 2602.09 points, which is a decrease of 1.29%. The trading volume on the Ukrainian Exchange amounted to UAH 298.3 mln, which includes UAH 115.8 mln on the futures market.
The most liquid stock on the day was that of Motor Sich (MSICH; BUY) with UAH 36.1 mln trading volume in 737 transactions. News about the fact Ukrnafta (UNAF; SELL) would issue additional shares was received with mixed feelings by investors – the stock ended the day up 0.12%. Meanwhile, Ukrtelecom (UTLM; UNDER REVIEW), another stock in the UX index basket, finished the day in the green zone at +0.86%.
Centrenergo (CEEN; HOLD), after losing 2.26% of its share value, had the largest influence on the dynamic of the UX. We want to note that other power generation companies also finished the day in below the flatline, despite news surfacing that the NERC planned to increase tariffs for all electricity consumers to economically reasonable levels. Enakievo Steel (ENMZ; BUY) was another stock that underperformed on March 14, dropping 3.10%.
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