OREANDA-NEWS  On 05 December was announced, that yesterday’s sluggish activity in the stock market affected the corresponding dynamics of the PFTS index, which on Thursday lost 0.8%. The steelmaking industry slightly rebounded up yesterday and UFC Metals index added 1.7%. UFC Utilities and UFC Engineering plunged 1.9% and 6.1%, accordingly, and thus, pulled down the broad UFC index, which in its turn fell 0.1%.

Low activity in the Ukrainian stock market, which led to a sharp decline in liquidity of blue chips watched by us, forces us to suspend releasing of the Technical comment. We believe that amid extremely low trade volumes and insignificant number of real transactions, the technical analysis methodology for trading in the Ukrainian market becomes temporarily less called-for. We expect to renew publications of this material as soon as recovers the PFTS liquidity.

Detailed information are available here.