OREANDA-NEWS. On Thursday, November 8, in Ukraine the PFTS Index slid 2.06% eliminating the gains of the last three days, as persistent worries about the slowdown of the US economy exerted enough pressure on the Ukrainian stock market to stop it from overheating, the Alfa Bank analytic department reports.

The correction was the strongest among selected engineering stocks and coke producers. UkrAVTO (-2.6%), Mariupol Heavy Machinery Plant (-1.1%), and Motor Sich (-1.7%) moderately declined after several days of confident growth, while Yasynivsky Coke (-7.7%) and Avdiyivsky Coke (-6.1%) continued to eliminate substantial overpricing. Stirol (-0.9%) dropped despite strong 10M07 results, while GenCos proved to be the strongest with Donbasenergo (+1.1%) advancing and Zakhidenergo (-0.3%) and Dniproenergo (-0.2%) dropping only marginally. A possible merger between BHP Billiton and Rio Tinto supported iron ore makers,  i.e. Pivdenny GOK (+3.6%) and Poltavsky GOK (-0.2%).