UFC Capital Released Weekly Market View
OREANDA-NEWS. July 19, 2011. The program of economic growth in 2012. The Ministry of Economic Development and Trade has drafted the state program of economic and social development for 2012, which includes a GDP growth forecast of 6.5% and inflation forecast of 7.9% for the period. The preliminary report also estimates that the growth of industrial production will amount to 8.3% in 2012, with machinery increasing by 20%, the mining industry by 4.6%, and the agricultural sector by 5.7%.
Equity market. Once again, a mixed dynamic prevailed on the Ukrainian Exchange during the trading week lasting from July 11 to July 15. Overall, the indicator dropped to 2302.4 points, which is a decrease of 1.6% from closing on July 8. The beginning of the long-awaited corporate reporting season on foreign stock exchanges did not ease investors\" qualms, the causes of which have not been addressed for a long time. The total trading volume on the stock market for the week rose by 23.2%, to UAH 1.261 bln (USD 158.2 mln) – of which only UAH 322.6 mln (USD 40.5 mln) was on the derivatives market.
Alchevsk Iron and Steel (ALMK; SELL) and Enakievo Steel (ENMZ; BUY) outperformed the market average, with the companies\" stocks having added 6.45% and 1.55% respectively. Alchevsk Iron and Steel also managed to become the most liquid security for the week after being traded for UAH 157 mln (USD 19.7 mln) in 5,798 transactions. Ukrnafta (UNAF; SELL) was another stock in the index basket that finished in the green zone, finishing 0.72% better than the previous week.
Stocks of companies in the electricity sector of the order-driven market did not perform well last week. For example, Centrenergo (CEEN; BUY), Dniproenergo (DNEN), Zakhidenergo (ZAEN; HOLD) and Donbasenergo (DOEN; BUY) dropped 3.01%, 2.91%, 1.82% and 1.42% respectively. Stakhanov Stakhanov Railcar (SVGZ; HOLD) saw the jump in share value from two weeks ago erased, as the company\"s stock dropped 4.61% over the course of last week.
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