2008-07-15 12:29:09
New week is new minimum. Exactly in this way Ukrainian stock market can be characterized. Principally one side deals sound as if the market being in free descent. However the faster is falling the stronger will be reverse bottom movement. But still index PFTS leads the list on dip rate -5.63%.
Thus under the results of weekly PFTS trades continue descending to $163.12 million. Trade volume with shares also falls and has comprised $29.74 million. Average day time trade volume has made up $5.95 million. Average day time activity on the market totally has worked out 193 deals.
The securities of the next issuers mostly listed were: «Enakievsky Metal Plant» [ENMZ] – $1.36 million, «Alchevsky Metal Plant» [ALMK] – $1.54 million and «Azovsteel» [AZST] – $1.16 million, that totally comprises over 30% from weekly trade volume.
PFTS capitalization comprised $82.54 billion (-1.75%) to the end of the week.
Among the liquid securities we should point the shares of one of the most wholesale auto dealer in Europe – «UkrAvto» [AVTO], which were noticed to be in demand on the background of corporative news. Shares have managed to grow almost on 6% in a week. Also we will mark that corporation shares’ price under the first semester results has fallen from it’s maximums on 56% that makes securities more attractive for investors. However we suspect that the securities price will have got lower to at least $53.70 per share (current price – $72.08).
Current week will be saturated with corporative news which will scarcely be able to support world platforms due to poor rating. As to Ukrainian stock market number of fields shows manufacturing makeup and products sale on 20-40 % comparing with analogical period of 2007. But inevitable further dip reduces interest of internal investors to securities on this price brackets.
Dmitry Godylo, Roman Serbinov. Download review (Pdf ~ 80 Kb)
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