OREANDA-NEWS  On 13 October was announced, that of late, the panic increasingly more frequently becomes a key explanation for developments in the global stock markets. The PFTS index declined relatively insignificantly – 2.8% and approached to the psychological threshold of 300 points by closing at 311-point level. The broad UFC index lost more than PFTS and closed at 171 points (-5%). A significant decline was observed in power and machine engineering industries: UFC Utilities and UFC Engineering shed 7.4%. Both indices broke through their supports, while UFC hit its absolute low since the start of its calculations, therefore, the defining of important levels where the index might find its support temporarily has no sense. In steelmaking industry the decline amounted to 3%.

The watched by us securities continue assaulting their levels, which amid panic sell-offs represent no significant barriers for the further quotations decline. So, for AVDK, after it broke through UAH 8.00, the support may be consolidated at the level of UAH 5.00, as to AZST, after it broke through UAH 1.4, we expect that it found support at UAH 0.80. CEEN also lost significantly in price; its new support may be expected around UAH 3.5. MZVM hit its historical low since this security started to be traded with, therefore, temporarily we shall no define any support for this position.

Detailed information are available here.