OREANDA-NEWS. May 13, 2010. UFC Capital released daily market view:

Equity market. On Wednesday, most of the indices of the largest European, Russian and Ukrainian stock exchanges ended in the green zone. Optimism on the part of European investors was probably due to the successful placement of sovereign bonds by Portugal, as well as good news about the growth of industrial production in the Eurozone in March 2010 (+1.3% vs. February 2010, compared to an expected growth of 1.0%).

On May 11, the Ukrainska SE index advanced by 2.6%. Overall, 3,674 transactions took place on the Ukrainska for a total turnover of 95.2 mln hryvnia. On the order-driven market, the growth leader became Luganskteplovoz (LTPL; SELL), the quotations of which surged 15.8%. The only company to see its shares fall that day was Ukravto (AVTO; BUY), which shed a slight 0.5%.

On Wednesday, the US-based Dow Jones opened above zero, thereby creating a favorable background for the growth of European stock indices on Thursday. Nevertheless, it is worthy drawing attention to investors’ cautious behavior as of late, which essentially means that the emergence of any negative news has the potential to bring about changes in the current trend.