UFC Capital Released Weekly Market View
OREANDA-NEWS. October 3, 2011. Equity market. During the trading week of September 26, Ukrainian stock market players took advantage of favorable external conditions and partly won back previous losses. Despite the fact that the Ukrainian Exchange Index made gains on two of the five trading days, it managed to return to levels from the middle of the previous week. The UX finished at 1443 points at closing on Friday, gaining 3%. As the tension on the foreign stock exchanges decreased, liquidity on the Ukrainian Exchange rose. In comparison with the previous week, the average trading volume on the stock market grew 13.7%, to UAH 95.9 mln (USD 12 mln), and by 24.1% on the derivatives market, to UAH 80.3 mln (USD 10.1 mln).
Ukrtelecom (UTLM; UNDER REVIEW), Enakievo Steel (ENMZ; BUY), Alchevsk Iron and Steel (ALMK; BUY HIGH RISK), and Raiffeisen Bank Aval (BAVL; BUY) dropped 1.3%, 1.2%, 1.1%, and 0.1% in share value respectively. However, all other stocks in the index basket managed to make gains this week. Zakhidenergo (ZAEN; BUY) stock continued to increase (+24.3%) on modest trading volumes, despite the announcement that privatization of the company will be postponed from September 28 to October 5.
As usual, Motor Sich (MSICH; BUY) was the most traded stock. Last week, it accounted for 27% of the total trading volume on the stock market. Stakhanov Railcar (SVGZ; BUY HIGH RISK) was among the top performers, advancing 8.4% during the week. Motor Sich also moved upward significantly, with share value increasing 7.1%.
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