The stock market waited for the correction

Ukrainian stock market Tuesday showed a correction of the main liquid securities

Index Ukrainian Stock Exchange, fell by 1,45% - to 1569.03 points and the PFTS index has maintained its position, covering small increases - up 651.14 points.

According to Andrei gestation, a senior analyst at investment firm Phoenix ГђВЎapital correction in the stock market in the afternoon continued, confirming the statements of many brokers that the market is overheated and that many shares traded above their fair value. (Recall that in September and early October indexes Ukrainian exchanges have been world leaders in growth). In addition, there was uncertainty on the Europeansites, which have lost a day of 1-2%.

On the other hand, it is worth noting that the oil price is high - $ 73,25 /barrel mark for WTI, which symbolizes the constant demand for commodities, - said Mr. Nesteruk .- We expect that the price of oil will support the Ukrainian stock market in the short term and would not significantly prosest shares in the coming days.

On

Ukrainian Stock Exchange, the largest drop recorded on shares LuAZ (8,13%), Mariupoltyazhmasha (6.98%) and Stakhanov Wagon Works (6.35%), while growth stocks have shown Ukrnafta ( 0,43%), and Raiffeisen Bank Aval (2,98%), but trading in stocks of the Bank were suspended at 15:00.

The market quotations PFTS Tuesday the leaders have been trading stocks: Motor ГђВЎiчі (6,72%), Enakievo Steel (-2.69%) and Ukrnafta (0,53%), the market applications — Paper Ukrnafta (1,18%), Tsentrenergo (-0.09%) and Enakievo Steel (-3.13%).

Olga Galitskaya

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SP 500 and Dow Jones fell on Tuesday, futures in positive territory on Wednesday
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