UFC Capital Released Ukrainian Weekly Market View
OREANDA-NEWS. October 17, 2011. UFC Capital released daily market view:
Trading of stock to resume. The Trading Commission of the Ukrainian Exchange decided to withdraw the ban on trading stock (as well as to release blocked shares) of Yasinovka Coke (YASK), Donetsk Iron and Steel (DOMZ), and Pokrovskoe Mine (SHCHZ) starting October 17, 2011. Trading had been suspended since May 30, 2011. This decision is in line with resolution #1433, which was passed October 13, 2011 on the reversal of the Commission’s resolutions #553-564 (passed on July 6, 2011), #685 (passed on May 20, 2011) and #825 (passed on June 30, 2011).
Equity market. The Ukrainian exchange index moved in different directions throughout the week of October 10. Despite some sustained growth at the end of the week, the indicator dropped to 1332 points at Friday’s close (a decline of 0.25%). The liquidity on the market continued to dwindle. The total trading volume decreased by 23.5%, to UAH 651.2 mln (USD 81.65 mln), including a 20.9% drop in the derivatives market, to UAH 306.6 mln (USD 38.44 mln).
Motor Sich (MSICH; BUY), Alchevsk Iron and Steel (ALMK; BUY HIGH RISK), Avdiivka Coke (AVDK; BUY) were the top performing stocks over the course of the week. Shares of the aforementioned companies were traded at volumes of UAH 59.2 mln (USD 7.4 mln), UAH48.0 mln (USD 6.0 mln), and UAH38.7 mln (USD 4.9 mln) respectively – in 2779, 4020, and 1316 transactions. Motor Sich’s stock value rose 1.8%, while Avdiivka Coke and Alchevsk Iron and Steel saw stock price drop 1.3% and 0.4% respectively.
Ukravto (AVTO) stock performed quite well, having increased 49.4% at a trading volume of UAH 48.8 thnd (USD 6.1 thnd). Stirol (STIR; BUY) and Ukrnafta (UNAF; BUY) also increased in value – by 2.2% and 1.8% respectively.
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