OREANDA-NEWS. May 26, 2010. UFC Capital released daily market view:

Equity market. On the last day of the trading week, the indices of Europe’s largest stock exchanges predominantly remained below zero. At the same time, the behavior of the RTS index was ambiguous, since the index ended up visiting both the red and green zones several times throughout the day. On May 21, the dynamics of the UX index also resembled a “roller coaster”. After opening below zero, the market after began to grow steadily and then, towards noon, it saw a decline. By 4 PM, it mounted some grow once again, but then underwent a slight drop by the end of the trading day. Overall for the trading day, the index shed 0.5% to reach 1635.29 points.

On May 21, a total of 4,321 deals took place on the Ukrainska SE on a turnover of 84.6 mln hryvnia. The growth leader on the order-driven market was Dzerzhinskiy Iron and Steel (DMKD; BUY), which was the outsider the preceding day. DMKD’s shares surged 14.6%. The leader in terms of decline was Enakievo Iron and Steel (ENMZ; BUY), the shares of which declined by 4.8%.

The next week may provide some clarification on the question as to whether the correction will be a protracted one. It is noteworthy that the days of spring are elapsing, while summers on the Ukrainian stock market are most often characterized by a prevailing sideways trend.