UFC Capital Released January 19 Ukrainian Market View
OREANDA-NEWS. January 20, 2011. UFC Capital released daily market view:
Fitch is confident in united
Equity market. On January 19, the Ukrainian Exchange Index showed differently directed trends. After news surfaced on the USA housing market, stating that housing starts shrank 4.3% MoM, the indicator began to drop at an accelerated pace. Overall, the index lost 0.48% to 2633.90 points. The trading volume on the spot market amounted to 253.7 mln hryvnia and on the futures market decreased to 52.0 mln hryvnia.
Shares of Centrenergo (CEEN; HOLD) grew by 2.47%, while the amount of transactions totaled 1180 at a volume of 48.3 mln hryvnia. At the same time Ukrsotsbank (USCB; SELL) stock fell 3.25%, after significant growth on Tuesday, with 904 transactions which totaled to 34.4 mln hryvnia.
On Wednesday, Pokrovskoe Mine (SHCHZ; SELL) was the growth leader in the order-driven market of the Ukrainian Exchange with share value increasing 7.84%. In our opinion, this jump in the price of Pokrovskoe Mine stock has removed the potential for further high growh.
The drop in price Azovstal (AZST; SELL) and Alchevsk Iron and Steel (ALMK; SELL) stock had the largest impact on the dymamic of the UX Echange in the second half of the day, after shares dropped 1.54% and 3.25% in yesterday’s session.