OREANDA-NEWS. December 12, 2011. Equity market. A drop in optimism resulted in a losses for the UX Index during the week of December 5. All eyes were on the European Union negotiations on sensitive issues such as the unification and regulation of the public finance – namely regarding the budget deficit and public debt levels. Investors were not satisfied with the results of the two-day meeting in Brussels. This led to a drop in stock markets around the world, including Ukraine. As a result, the Ukrainian Exchange Index dropped 1.2% for the week, to 1587 points. The total trading volume on the market also decreased slightly (by 2.8% WoW), to UAH 1 bln (USD 129 mln). This was in large caused by a decrease in liquidity on the derivatives market, where the trading volume dropped by 4.8% WoW, to UAH 590 mln (USD 74 mln).

Investors turned their interest to Ukrnafta (UNAF; HOLD) stock last week, whose stock was the top performer on the market with an increase of 8.0%. Enakievo Steel (ENMZ; BUY) and Stirol (STIR; BUY) also performed very well, jumping 3.9% and 3.2% in share value respectively. Centrenergo (CEEN; BUY) was the most traded security on the market last week with a trading volume of UAH 63.3 mln (USD 7.9 mln). Share value for the energy generating company\"s stock rose 1.9%.

Stocks of Ukrsotsbank (USCB; BUY) and Alchevsk Iron and Steel (ALMK; BUY HIGH RISK) underperformed last week – losing 4.4% and 4.3% of share value respectively.