Expert: the growth of the stock market speculative

43871The market is sideways. Interestingly, on Monday and Tuesday the local stock indicators hardly reacted to the decline of stock indices in the European and American trading floors. Index "UB" August 10 stayed on the value of the index trading Friday (1,114.76 points), and the next day he added 0, 53%, and the index PFTS has grown on 0,41% and 1,11% respectively.

Wednesday-Thursday indices showed hetero-directed motion: the indicator "UB" increased by 0.09% and decreased by 0,17%, the PFTS index has lost 0,69% and increased by 0.12%. On Friday, most European stock indexes rose on increasing commodity prices and positive statements of companies. The Ukrainian stock indicators rose on Friday: index of


"UB" for 0,31% and 0,37%, the PFTS index.

Outsider trading on the "UB" began the paper Ukrnafta (-3.58%) at the collapse of August 14 an extraordinary shareholders' meeting. OJSC Financial company Ukrnaftogaz "(Kiev) has not provided the registry of owners of registered securities of JSC (the previous meeting of shareholders of April 15 was blocked for the same reason). The leader in the growth of quotations were shares of Motor Sich (3.16%). According to the company, OAO Motor-Sich "in January-June 2009 increased its net profit in 7,5 times up to 39,9 million UAH.

On Wednesday, both at Ukrainian stock exchanges in the morning there was the expected correction and profit-taking players. Almost all the trading session on August 12 indexes were in the red, and only toward the end of the day index of "Ukrainian exchange" could go in the positive zone.

"Mood swings on the Ukrainian stock market, because its growth is largely speculative, based primarily on the information of foreign economies and markets, the reports of Western corporations and banks, a rise or fall in oil prices and raw material resources", - states Head of Trading Department JSC "Stock Company" Atek-Invest "Anatoliy Shevchuk.

According to him, although there is a positive trend growth in production volumes in Ukraine in July compared with June, to speak about the dynamics of stable and radical change in the economic situation inside the country still do not have to. Especially given the unpredictable actions of the National Bank, recent statements by President of Russia and the coming difficult negotiations the company "Naftogaz Ukraine" to change the volume of purchased gas.

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