OREANDA-NEWS. March 16, 2010. UFC Capital released daily market view:

Equity market. March 12, the Ukrainian market after its slight correction on Thursday, resumed its growth started before. The index of Ukrainska SE closed up 4.07%. Overall, on this floor 4,247 deals were made for the record-breaking UAH 110.6 mn. On that day absolutely all shares traded in the order-driven market of Ukrainska SE surged. The growth leaders became Pokrovskoe  Colliery Group (SHCHZ), Alchevsk Steel (ALMK), and Avdiivka Coke (AVDK), which quotations went up by 14.9%, 12.2% and 10.0%, accordingly.

On Friday, the indices of practically all global largest stock exchanges were on the rise. The investors’ optimism could have been provoked by increase in euro zone industrial production by 1.7% in January 2010, as compared with December 2009, which resulted to be the most rapid increase over the last 20 years.  Besides, according to the US Department of Commerce, the retail sales in the US this February added 0.3% (decline by 0.2% was expected).

When developing a trade strategy for the next week we would like to recommend taking into consideration a significant increase in Ukrainian companies shares prices over the last several days. One should allow for the possibility that the large speculators will take profits.