Companies' News

Weak Friday trading

Last week on the Ukrainian stock market finished on a mixed note, despite the global positive sentiment of the last trading day of the week, as half of the locally traded equities went down, dragging along one of the major indices we follow. The broad-based Foyil Ukraine 40 Index declined on Friday by 0.2% mostly on the back of the telecom (-1.6%), pipe (-0.8%) and banking (-0.8%) sectors, while the PFTS Index increased by 0.2% on the back of the oft-traded Mariupol Ilyich (+4.3% in its weighted average price), Avdiyivka Coke By-products Plant (+0.3%) and Enakiyevo Steel (+0.1%) – said Anastasiya Sergiyenko, Foyil Securities analyst.

Trading activity of the last day of the week was lower than last week’s average, as was the trading volume (USD 10m) and the number of equities traded (50). Investors continued to favor blue chips over lowertier stocks for the second month in a row as the most traded securities on Friday were Enakiyevo Steel (13% of the day’s total volume in 27 trades), Ukrtelecom (20 trades) and Ukrsotsbank (12 trades) –Foyil Securities analysts added.