OREANDA-NEWS. December 5, 2011. Equity market. The previous trading week was full of news, which affected investors\" risk perception. By the end of the week, there was a strong upward trend on the stock market, which was reinforced by decisions from the U.S. Federal Reserve and a number of the world\"s leading central banks to reduce the cost of U.S. dollar borrowing by almost half – to 50 b. p. In addition, successful bond placements by Eurozone countries and positive statistics from the U.S. labor market also spurred growth. As a result, the Ukrainian Exchange Index rose 5.6%, to 1606 points, during the week of November 28. We want to note that investors may wish to fix profits next week. The growth of the stock market brought with it a return of liquidity – as the total trading volume grew by 11.1% for the week, exceeding UAH 1 bln (USD 132.9 mln). Of this amount, 58.4% was from the derivatives market.

Centrenergo (CEEN; BUY) and Alchevsk Iron and Steel (ALMK; BUY HIGH RISK) were the most traded stocks last week at UAH 82.9 mln (USD 10.4 mln) and UAH 75.6 mln (USD 9.5 mln). Stocks in the banking sector were among the growth leaders last week, after being among the poorest performing in previous weeks. Raiffeisen Bank Aval (BAVL; BUY) and Ukrsotsbank (USCB; BUY) stocks advanced by 12.6% and 10.8% respectively. In addition, stocks of Donbasenergo (DOEN; BUY), Ukrtelecom (UTLM; UNDER REVIEW), and Zakhidenergo (ZAEN; BUY) performed quite well, with gains of 13.1%, 7.73%, and 6.9% respectivly.

Stakhanov Railcar (SVGZ; BUY HIGH RISK) and Northern Mining (SGOK) were the poorest performing on the order-driven market, having lost 0.8% and 1.5% of share value respectively.