Ever-rising stock market will not

12Index of stock prices at the auctions of "Ukrainian Stock Exchange on Monday, 12 October, rose by 92.69 points, or 6.18% to 1 592.14 points. Dragon Capital Investment adviser Vyacheslav Urluk told about why the stock market grows Ukraine.

Growth indices - is not a short-term trend, a long-term trend. But now all waiting for the end of growth and correction. Indexes rise as the external background is very positive, and most importantly - the beginning of the season putting U.S. company, with the first released report showed profits, and probably other big companies do not show damages. In addition, quotes, oil and metals rising, respectively. This, like


the weak dollar affects the growth of the stock market. External background is positive, the American indexes have reached highs, as well as Russia's stock exchanges.

Internal background, also influence the induces are now neutral: hernial exchange rate stable, domestic investors active in the stock market. And, has changed the structure of investors: 80% before investors were foreigners, but now - 50 to 50. Once earned online trading in the "Ukrainian Stock Exchange", many deposits flow into the stock market. If the summer Snyder banks money went to the bank cell, it is now - in investment, including in the stock market. Now up to a thousand physical persons working in the Internet-trading.

I believe that despite the positive factors, now is the time correction, that is, the induces can be reduced. Specialists are waiting for this correction as a positive in the Ukrainian economy is not so noticeable that all the time there was growth. Any excuse - for example, poor reporting of American financial institution - could cause a sale of (a sharp increase in sales of shares), and people will start to record profits. While investors did not see the reason to sell shares - affected by external and internal positives.

The market is overheated, in yesterday's jump indexes major role played 2 Paper . increased to 10% in price due to news on the next meeting of the shareholders and the distribution of profits. And shares Ukrtelecom increased speculative - simply because all such have increased, and - no, and paper soared 15%.

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