UFC Capital Released Weekly Market View
OREANDA-NEWS. April 19, 2011. Equity market. Despite the fact that the Ukrainian Exchange index showed growth during the last three sessions of the week, the indicator finished the week at 2768.48 points – 0.4% lower than at the close of the previous Friday. The trading volume both on the spot and futures markets increased, standing at UAH 1.01 bln and UAH 560.4 mln respectively. For the majority of the week indicator mirrored the movement of stock exchanges around the world, but we also want to point out some key internal news which reinforced the upward trend during the last few days.
Motor Sich (MSICH; BUY) was once again the most traded stock on the exchange, at 4001 transaction for UAH 151 mln. It is worth noting investors demand for shares of Avdiivka Coke (AVDK; HOLD) and Azovstal (AZST; SELL), based on speculation that the company's shareholders will pay dividends. Trading volumes for the stocks totaled UAH 95.1 mln and UAH 69.5 mln respectively. Azovstal's share value increased 6.32% on the week, while Avdiivka Coke share value jumped 9.60%.
The poorest performing stocks were those of Oranta Insurance (SORN) and Svitlo Shakhtara Machine Engineering (HMBZ), whose share values dropped 80% and 49.70% respectively. Stock prices in the banking sector decreased significantly, with securities of Ukrsotsbank (USCB; SELL) and Raiffeisen Bank Aval (BAVL; SELL) dropping 4.67% and 0.52% respectively.
Among the most liquid stocks on the UX, Ukrtelecom (UTLM; UNDER REVIEW) was the top performer, at an increase of 5.13% on the week. After the long dematerialization process ended on April 12, shares of Stakhanov Railcar (SVGZ; SELL) gained 4.18% throughout the remainder of the week.
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