OREANDA-NEWS. September 19, 2011. Execution price for September futures contracts is set. The execution price for the September futures contract on the Ukrainian Index has been set to 1504.15 points. This indicator is defined as the average of the UX Index as of the last trading hour on the last trading day of the futures contract, which was September 15, 2011. On September 16, 2011, a futures contract for the UX Index concluding on March 15, 2012 will be introduced as well as options on this futures contract.

Equity market. Both the first day of trading and the last day of trading of the week from September 12 to September 16 were marked by a drop of the Ukrainian Exchange. Trading on the UX last week was characterized by high volatility and low trading volumes. The weight of certain issuers’ stock in the index basket was changed on Friday. Ukrnafta (UNAF; HOLD) stock was quite volatile until then. Overall, the UX index dropped to 1488 points for the five days – a decrease of 2%. The daily average trading volume amounted to UAH 154.6 mln (USD 19.4 mln) for the week, which is 26% less than the daily average trading volume for the recent month.

Alchevsk Iron and Steel (ALMK; BUY HIGH RISK) was the most actively traded equity of the week at 4416 transactions for UAH 76.4 mln (USD 9.6 mln). Within the index basket, only stocks of Ukrtelecom (UTLM; UNDER REVIEW), Azovstal (AZST; BUY), and Kryukiv Railcar (KVBZ; BUY) were able to make gains on the week. Share value for these stocks increased 6.7%, 1.4, and 0.9% respectively.

Ukrnafta (UNAF; HOLD), Enakievo Steel (ENMZ; BUY), and Motor Sich (MSICH; BUY) were among the poorest performing stocks on the Ukrainian Exchange – with share value dropping 6.8%, 5.7%, and 5.6% respectively.