negative news from abroad and the desire of dealers to record profits continue to put pressure on the stock indices. Last week, they declined even to 2,8-4,7%
fall of the domestic stock market continued for the second consecutive week. During the period from 22 to 26 June, the Ukrainian stock exchange index (UB) prosel at 4.68%, along with a decline the week before last fall is already 11.8%. This two-week correction returned domestic stock indices to levels at which they were in early May. Thus, at the closing auction on Friday, June 26, the index (UB) was 977 points, as the PFTS - 405.5 points.
Unlike the trading of index shares to UB has changed slightly - from 22 to 26 June it was 35.7 million hryvnia (at 2.7 million less than a week earlier). At PFTS trading, by contrast, grew by 15.4 million hryvnia - up to 43.1 million. Frequency of trades at PFTS market participants associated with the end of the month, and traditional for this period of technical transactions.
imported negative
main reason for the reduction of the cost of shares of Ukrainian companies analysts call negative externalities a background in foreign markets. After the very rapid growth over the past few months, the Ukrainian stock market turned around. Contributed to this first rapid correction in the western stock pads, - said analyst Igor Investment Capital Times Derzhipilsky.
By
negative coming from foreign markets, added another factor - the end of the quarter and semester. This, in turn, led to the desire of investors to record profits at the end of the reporting period. The trend strengthened the sale of securities by foreign institutional investors who are interested to record profits of their funds in the first half, - said analyst Investment Foyl Securities Alexei Orlov. By the same pressure on stocks has a future yield very disappointing macroeconomic data. Waiting for release of information on GDP for the quarter, I did not add market optimism, which puts additional pressure on the market- says a trader Investment Company Renaissance Capital Michael Zavadovsky.
Heroes, Losers
most failed last week to become Krukovka Carriages will (KVZ), the cheaper shares to 18.7%. This collapse of the value of securities occurred against the backdrop of positive news for the issuer - KVZ announced that will participate in the tender for the supply of wagons for the Kiev subway in the amount of 40 million euros.
For such a falling stock KVZ specific causes were observed. It is likely that these were speculative sales on corrective market, - considers the head of analytical department of the investment group Socrates Konstantin Stepanov.
not an easy week for granted Ukrnafta and its shares cheaper to 11.9%. The pressure on the value of these securities may have a decline in world oil prices below $ 70 a barrel. However, a more plausible reason for the fall in share prices look vnutriukrainskie factors. The Communist Party of Ukraine has accused the team of Igor Kolomoyskogo Inside to destruction Ukrnafta and causing damages in the amount of state 2.25 billion hryvnia. A negative news background always repels investors - says the analyst group of companies, the text Irina Vasilieva.
became a successful week for the stock Motor Sichi, who, despite a falling market, even the grown-up to a week at 1.4%. Exchange success Motor Sichi analysts attributed to the fact that the company entered into a contract for 150 million dollars to upgrade the engines for the An-32 military aircraft in India.
not believe in the success of
Traders
Forecasts for the current week poor. Outside the background so far remains negative, based on the uncertainty of investors in the situation with the global economy, the domestic macroeconomic and corporate background does not bring the expected fruits of the movement of shares up, so the correction is likely to continue, - considers Stepanov.
Opinion Experts
During the past two weeks, Ukrainian stock market fell to 11.8% (index of the Ukrainian Stock Exchange). What are the main reasons for the decline in the market? How long will a correction?
Shnir Alexander, Director of Sales and Trading Investment Company Concord Capital
Over the past three months, the Ukrainian Stock Exchange index rose by 94.23%, the index PFTS - at 84.58%. Ukrainian indexes rose in line with global trends - for example, 3 June, the index reached a seven-SP maximum. In doing so, such a rapid increase in the domestic market took place against the backdrop of a deteriorating macroeconomic situation in our country and around the world. And many of the players understand that the turmoil in financial markets may be repeated. It is therefore not surprising that many investors want to record obtained from the three-month growth in profits. This is one reason why we have seen a decline in equity prices over the past two weeks. In addition, during this time came out negative news as in western markets, both in Ukraine.
is difficult to make accurate forecast of domestic stock indexes end of the summer. I think the market dynamics in the coming weeks to identify trends that will prevail during the summer period. In autumn, most likely we will see a soft initially, but increasing in the future as a correction in Ukrainian, as well as in international markets. It is connected with the fact that the basic problems that suffer the markets last year and a half, have not disappeared, but some even getting worse. From today's levels by year-end market may fall in 2-2,5 times.
Vladimir Landa, thechief of analytical department of Investment Ukrainian Stock Center
By March of this year, the PFTS index fell by 6 times compared with peak values of the beginning of 2008. Since the cost of the Ukrainian shares at the beginning of spring was on the very low levels, it is not surprising that over the next two months it has doubled. Thus, the shares were worth three times cheaper than in the pre-crisis period. The fact that the spring recovery of the market place against the backdrop of a significant weakening of the domestic economy can be attributed to time lag required for decision-making institutional investors, as well as the development of Internet trading.
This is the tool would anticipate a lot of negative factors - economic decline, political instability, the outflow of foreign capital. Also note that the low liquidity of the securities by a number of players have the opportunity to manipulate the market, which significantly complicates the prediction of its dynamics. However, we can assume that in the coming months a number of investors will make sales - this time could be perfect for entering the market for ready-to-risk players with a long investment horizon, because the crisis does not last forever and sooner or later the economy of our country will resume its growth, that will be displayed and in the stock market.
Course dollar saved without changes - the morning review of cash markets
The IMF increased its loan to Belarus for 1 billion dollars, has allocated another 680 million U.S.
Gazprom hopes that Ukraine will do the loan soon
Belgians and Russians, the Chinese are being squeezed out of the struggle for Opel
Ministry of Fuel and Energy will review the formula for calculating the cost of gasoline
One foot in the opposition
U.S. desheveet on Tuesday due to increased investor appetite for risk
Asian indexes grow against the backdrop of improving commodity prices and the devaluation of the yen
European indexes rose on Monday on 1,3-2,3%, shares went up Deutsche Telekom, Lloyds, Shell
Ukrainian stock market has returned to the beginning of May
negative news from abroad and the desire of dealers to record profits continue to put pressure on the stock indices. Last week, they declined even to 2,8-4,7%
fall of the domestic stock market continued for the second consecutive week. During the period from 22 to 26 June, the Ukrainian stock exchange index (UB) prosel at 4.68%, along with a decline the week before last fall is already 11.8%. This two-week correction returned domestic stock indices to levels at which they were in early May. Thus, at the closing auction on Friday, June 26, the index (UB) was 977 points, as the PFTS - 405.5 points.
Unlike the trading of index shares to UB has changed slightly - from 22 to 26 June it was 35.7 million hryvnia (at 2.7 million less than a week earlier). At PFTS trading, by contrast, grew by 15.4 million hryvnia - up to 43.1 million. Frequency of trades at PFTS market participants associated with the end of the month, and traditional for this period of technical transactions.
imported negative
main reason for the reduction of the cost of shares of Ukrainian companies analysts call negative externalities a background in foreign markets. After the very rapid growth over the past few months, the Ukrainian stock market turned around. Contributed to this first rapid correction in the western stock pads, - said analyst Igor Investment Capital Times Derzhipilsky.
By
negative coming from foreign markets, added another factor - the end of the quarter and semester. This, in turn, led to the desire of investors to record profits at the end of the reporting period. The trend strengthened the sale of securities by foreign institutional investors who are interested to record profits of their funds in the first half, - said analyst Investment Foyl Securities Alexei Orlov. By the same pressure on stocks has a future yield very disappointing macroeconomic data. Waiting for release of information on GDP for the quarter, I did not add market optimism, which puts additional pressure on the market- says a trader Investment Company Renaissance Capital Michael Zavadovsky.
Heroes, Losers
most failed last week to become Krukovka Carriages will (KVZ), the cheaper shares to 18.7%. This collapse of the value of securities occurred against the backdrop of positive news for the issuer - KVZ announced that will participate in the tender for the supply of wagons for the Kiev subway in the amount of 40 million euros.
For such a falling stock KVZ specific causes were observed. It is likely that these were speculative sales on corrective market, - considers the head of analytical department of the investment group Socrates Konstantin Stepanov.
not an easy week for granted Ukrnafta and its shares cheaper to 11.9%. The pressure on the value of these securities may have a decline in world oil prices below $ 70 a barrel. However, a more plausible reason for the fall in share prices look vnutriukrainskie factors. The Communist Party of Ukraine has accused the team of Igor Kolomoyskogo Inside to destruction Ukrnafta and causing damages in the amount of state 2.25 billion hryvnia. A negative news background always repels investors - says the analyst group of companies, the text Irina Vasilieva.
became a successful week for the stock Motor Sichi, who, despite a falling market, even the grown-up to a week at 1.4%. Exchange success Motor Sichi analysts attributed to the fact that the company entered into a contract for 150 million dollars to upgrade the engines for the An-32 military aircraft in India.
not believe in the success of
Traders
Forecasts for the current week poor. Outside the background so far remains negative, based on the uncertainty of investors in the situation with the global economy, the domestic macroeconomic and corporate background does not bring the expected fruits of the movement of shares up, so the correction is likely to continue, - considers Stepanov.
Opinion Experts
During the past two weeks, Ukrainian stock market fell to 11.8% (index of the Ukrainian Stock Exchange). What are the main reasons for the decline in the market? How long will a correction?
Shnir Alexander, Director of Sales and Trading Investment Company Concord Capital
Over the past three months, the Ukrainian Stock Exchange index rose by 94.23%, the index PFTS - at 84.58%. Ukrainian indexes rose in line with global trends - for example, 3 June, the index reached a seven-SP maximum. In doing so, such a rapid increase in the domestic market took place against the backdrop of a deteriorating macroeconomic situation in our country and around the world. And many of the players understand that the turmoil in financial markets may be repeated. It is therefore not surprising that many investors want to record obtained from the three-month growth in profits. This is one reason why we have seen a decline in equity prices over the past two weeks. In addition, during this time came out negative news as in western markets, both in Ukraine.
is difficult to make accurate forecast of domestic stock indexes end of the summer. I think the market dynamics in the coming weeks to identify trends that will prevail during the summer period. In autumn, most likely we will see a soft initially, but increasing in the future as a correction in Ukrainian, as well as in international markets. It is connected with the fact that the basic problems that suffer the markets last year and a half, have not disappeared, but some even getting worse. From today's levels by year-end market may fall in 2-2,5 times.
Vladimir Landa, thechief of analytical department of Investment Ukrainian Stock Center
By March of this year, the PFTS index fell by 6 times compared with peak values of the beginning of 2008. Since the cost of the Ukrainian shares at the beginning of spring was on the very low levels, it is not surprising that over the next two months it has doubled. Thus, the shares were worth three times cheaper than in the pre-crisis period. The fact that the spring recovery of the market place against the backdrop of a significant weakening of the domestic economy can be attributed to time lag required for decision-making institutional investors, as well as the development of Internet trading.
This is the tool would anticipate a lot of negative factors - economic decline, political instability, the outflow of foreign capital. Also note that the low liquidity of the securities by a number of players have the opportunity to manipulate the market, which significantly complicates the prediction of its dynamics. However, we can assume that in the coming months a number of investors will make sales - this time could be perfect for entering the market for ready-to-risk players with a long investment horizon, because the crisis does not last forever and sooner or later the economy of our country will resume its growth, that will be displayed and in the stock market.
Course dollar saved without changes - the morning review of cash markets
The IMF increased its loan to Belarus for 1 billion dollars, has allocated another 680 million U.S.
Gazprom hopes that Ukraine will do the loan soon
Belgians and Russians, the Chinese are being squeezed out of the struggle for Opel
Ministry of Fuel and Energy will review the formula for calculating the cost of gasoline
One foot in the opposition
U.S. desheveet on Tuesday due to increased investor appetite for risk
Asian indexes grow against the backdrop of improving commodity prices and the devaluation of the yen
European indexes rose on Monday on 1,3-2,3%, shares went up Deutsche Telekom, Lloyds, Shell