Expert: Ukrainian Market Attempted Recovery

Last week, the Ukrainian stock market attempted to recover its recent losses, according to Oleh Morkva, CEO of INEKO-Invest.                                                                                                                                                 Last week, the PFTS stock index gained 1.22 percent, or 11.59 points, to reach 960.73 points. The week before last, the PFTS index lost 3.64 percent, or 35.88 points.

The total volume of trade on the PFTS floor amounted to 826.76 million hryvnias last week. Trade in shares accounted for 34.79 percent of that number, or 287.64 million hryvnias. The week before last, the trading volume was 20 percent less.

The aggregate demand for PFTS-traded shares dropped by 13 million hryvnias, or 12.15 percent, to 93.05 million hryvnias last week. The aggregate supply fell 10.01 percent, to 93.05 million hryvnias.

The most traded stock was Mittal Steel Kryvy Rig, which saw trading of 17.09 million hryvnias in 13 transactions. The bid price of the stock rose 4.14 percent to 18.18 hryvnias per share, while offer price climbed 1.58 percent to 19.25 hryvnias per share.

Second place belonged to Yenakiyevo Steel with a trading volume of 16.59 million hryvnias in 130 transactions. During the week, bid price of Alchevsk Steel’s stock increased 5.65 percent to 402 hryvnias per share, while offer price jumped 6.02 percent to 405 hryvnias per share.

Pivdenny Ore Mill rounded out the top three with a trading volume of 16.08 million hryvnias in 24 transactions. Bid price of the stock rose 2.03 percent to 8.06 hryvnias per share, while the offer price climbed 1.49 percent to 8.2 hryvnias per share