OREANDA-NEWS. October 10, 2011. Equity market. From October 3 to October 7, stocks in the Ukrainian Exchange Index dropped 4.7%. The week started with a downward trend and the indicator spent the rest of the week under the psychological level of 1400 points – confirming that investors are unwilling to take on additional risks. Unfulfilled expectations and regulators’ inability to make necessary adjustments have not allowed the positive news in the domestic market to create sustained growth. In comparison with the week of September 26, liquidity decreased by 3.4% last week, to UAH 463.3 mln (USD 58.1 mln). At the same time, liquidity on the futures market dropped by 3.5%, to UAH 387.7 mln (USD 48.6 mln).

Motor Sich (MSICH; BUY) continued to be the leader in trading volume, with its stock being sold for UAH 84.4 mln (USD 10.6 mln) in 4525 transactions. Alchevsk Iron and Steel (ALMK; BUY HIGH RISK) followed, with stock being traded in a total of 4061 transactions for UAH 64.2 mln (USD 8.1 mln). Only a few stocks managed to finish the week with a gain, of which all were second-tier securities. Specifically, stocks of Forum (FORM; SELL) and DTEK Komsomolets Donbasa Coalmine (SHKD) increased in share value by 12.2% and 8.2% respectively.

Centrenergo (CEEN; BUY) and Stakhanov Railcar (SVGZ; BUY HIGH RISK) were among the poorest performing stocks, falling by 16.4% and 14.0% respectively. Centrenergo stock may have dropped in value in relation to certain market players repositioning themselves as privatization looms in the sector of energy generation.