Stock market: catch, but not ahead
Jul 2nd, 2009 | By admin | Category: Scenario and forecastsWednesday PFTS index closed virtually unchanged, losing 0.03% and concluded its session on the same 411 points as of Tuesday
As noted strategist Astrum Investment Management Konstantin Litvin, schedule index PFTS was like a horizontal straight line, owing to the low bid, which amounted to 0.3 mln. less technical transactions.
Index of the Ukrainian market was moving sideways trend for the greater part of the day and the outcome of the session has lost 0.2%, to close at around 1004 point - stressed Mr. Lytvyn .- The volume of trades at UB was 3.7 mln. We regard it as extremely low.
Day in the stock market was dull, - has agreed to Foyil Securities analyst Alexei Orlov .- Ukrainian Indices just moved to the Russian RTS, which, in turn, show the dynamics of oil prices. In his view, this factor was caused by a lack of significant news on the companies. At the same time, news of the fall in GDP of Ukraine in the first quarter to 20.3% had no significant influence on the course of bidding, as this figure was expected and has already found its reflection in the cost of the Ukrainian assets. Therefore, says the analyst, the majority of the Ukrainian stock prices remained at previous levels.
In addition, the broker said the investment company Concorde Capital Anastasiya Nazarenko, a day filled with statistical data is given. The most important among them were the new values of the index of activity in the U.S. manufacturing sector, the figures on the cost of construction and the level of unemployment in the U.S. private sector. All the data were in the context of expectations, which supported the ground for speculation that the worst is behind us. However, the Ukrainian indexes were not able to keep up with the world - says Ms. Nazarenko. Under the closure of the trading in Ukraine indicators of European and American sites have shown significant growth. Obviously, Ukraine catches world next trading session.
Ol'ga Galitskaya
Forex - Asia
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