OREANDA-NEWS. June 29, 2011. WB revises GDP growth forecast for Ukraine. World Bank (WB) has improved the forecast for growth of Ukraine\"s gross domestic product (GDP) in 2011 from 4% to 4.5% and in 2012 – from 4.5% to 5%. In addition, the WB predicted that inflation would worsen this year, from 10.7% to 11.4%.

Equity market. The Ukrainian stock market has once again showed its susceptibility to negative events in global stock markets. For the second time in a row, the week began with growth, which was subsequently erased by an even larger drop over the second half of the week. Overall, the UX Index dropped 3.57% from June 20 to June 25, falling below the psychological mark of 2300 points. The total trading volume on the exchange reached UAH 1.34 bln (USD 168.1 mln), including UAH 325 mln (USD 40.8 mln) on the futures market.

Among shares included in the index basket, only Ukrnafta\"s (UNAF; SELL) stock managed to finish in the green zone, with shares increasing in value by 0.38%. Overall, the top performing stocks were those of Kharkivoblenergo (HAON) and Korukivka Technical Paper (KFTP), having increased 13.33% and 12.40% in share value respectively. Motor Sich (MSICH; BUY) and Centrenergo (CEEN; BUY) stocks were the most liquid on the exchange at trading volumes of UAH 137.3 mln for the week (USD 17.2 mln) and UAH 81.8 mln (USD 10.3 mln) respectively.

The poorest performers were also second tier stocks. Specifically, Zaporizhia Ferroalloys (ZFER) and Mariupol Heavy Machine Engineering (MZVM; WITHDRAWN) stock sank 90.0% and 78.8% in share value respectively. We want to note that Mariupolvazhmash\"s share value fell due the beginning an additional issue of shares that began this week. Stirol (STIR; BUY) was another company whose stock dropped over the course of the week; share value was down 11.1%.