Expert: IMF “raised” the Ukrainian stock market
February 14th, 2010
10-16 April, the PFTS index added 12.6%. On Monday, he struck a psychological mark of 300 points.
A significant breakthrough in the value of Ukrainian shares (at 8.81%) occurred on Thursday. Incrementally increased and daily trading volumes of securities: for the four trading sessions, they have exceeded 90.62 million UAH (including - 78.61 million - selling shares).
It this a record amount of securities to 29,33 million UAH. (including shares to 22.37 million UAH) gain by selling April 16.
"This week, the PFTS index pushed up the positive foreign news. In particular, the financial results of Toshiba Corp. and JPMorgan raised expectations of investors on the weakening global recession: the first loss was above analysts' forecasts,
A significant breakthrough in the value of Ukrainian shares (at 8.81%) occurred on Thursday. Incrementally increased and daily trading volumes of securities: for the four trading sessions, they have exceeded 90.62 million UAH (including - 78.61 million - selling shares).
It this a record amount of securities to 29,33 million UAH. (including shares to 22.37 million UAH) gain by selling April 16.
"This week, the PFTS index pushed up the positive foreign news. In particular, the financial results of Toshiba Corp. and JPMorgan raised expectations of investors on the weakening global recession: the first loss was above analysts' forecasts,
and net profit exceeded the expectations of the second ", - states the President of the Board of JSC" Stock Company "Atek-Invest" Dmitry Taranenko.
Internal factor in boosting the stock market was the announcement of the IMF in the first revision of the program of cooperation with Ukraine, Kiev, recommended the second tranche stand by at a rate of about $ 2.8 billion in the same time, according to Taranenko, the fundamental reasons for the economic recovery yet.
According to the expert, the March drop in industrial production amounted to 30,4% compared with March 2008 year (in February, the figure was 31,6%). The trend of economic recession in the country will remain in the second quarter.
Tags: action, PFTS, stock market, the economy, the IMF, tranche, Ukraine