UFC-Capital Announced Ukrainian Market Daily Review (24 October 2008)
OREANDA-NEWS On 27 October was announced, that the stock market continues its decline, the PFTS index fell 6% to 249 points. Allowing for the final break through of the 275-point level we change the index support to 130 points. We must say that in the current conditions of the global financial crisis there are practically no buyers in the Ukrainian market, therefore, the support levels often turn to be too weak to reverse the tendency.
The broad UFC index fell 2.8%, which to a significant extent was provoked by decline in energy and machine engineering sectors (UFC Utilities and UFC Engineering sank 7.1% and 8.3%, accordingly). UFC Metals demonstrated a conventional growth by 0.1%.
Decline, primarily, affected the securities that balanced on the verge of their supports. So, DOEN broke through UAH 25 and its new support may become UAH 18. BAVL, having confirmed its break through of UAH 0.3, now will be looking for support nearby UAH 0.17.
Detailed information are available here.