Financial News and Economical Crisis

Ukrainian stock market on Tuesday showed increased optimism in the wake of domestic investors who expressed interest to the entire spectrum of traded securities

Day marked by record growth Ukrainian trading platforms, the highest since May of this year: following the date code Ukrainian Stock Exchange, rose 6.72% to 1,390.44 points, stock market index, PFTS - by 4,1% to 548.04 points.

According to the trader's investment firm Phoenix Capital Vadim Khomenko, has given confidence to investors hryvnia, which strengthened by 15 kopecks. but objective reasons for the boom are fundamental underestimation of the Ukrainian assets and positive on the external markets. When Russia's RTS has grown rapidly in August, investors were afraid to buy the Ukrainian shares due to exchange rate risk. Now, when the hryvnia exchange rate has stabilized, and shares of Ukrainian issuers remains fundamentally undervalued, portfolio investors have expressed interest in buying, - he said.

top gainers and volume of trading on Tuesday made by the company's metallurgical industry: Iron & Steel Works and Enakievo Steel, adding 11.36% and 17.50% respectively, with the volume of trades in 8 million UAH. for each paper. Practically all the shares closed at UB in significant plus, showed double-digit growth Raiffeisen Bank Aval, Centrenergo the bank Forum , Ukrsotsbank. Upali only Krukovka Carriages and concern Styrene, the latter fell on the news about the privatization of IPF, - said Mr. Khomenko. Recall that the tender for the purchase of 99,5% of the shares has been successful, but the legitimacy of the results was not recognized. The market quotations PFTS concluded 68 deals amounting to 5,2 million UAH. PFTS applications on the market — 98 deals amounting to 5,1 million UAH.

Olga Galitskaya

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