As forecasted, debt problems of the Eurozone were the main issue of the day. The situation was worsened by sequential decrease of PIIGS countries credit rating and political unsteadiness increase. Investors found disappointing Eurozone Working Activity Indices in manufacturing and non-manufacturing spheres. The Indices decreased more than expected in May. There was the decrease on the majority of liquid papers, accompanied by low trade volume on the Ukrainian Market. The majority of investors is in waiting position and is not in a hurry to sell shares close to the local minimums.
The indicator of global indices movement directions will be the reaction to the statistical information published during next two days.
The RTS Index turned downward following the oil and sustained great losses.
UX Indices from 23.05.2011 were following:
UX Index - 2485,52 points (-2,98 %)
Futures to UX-6.11 Index reached 2422,20 points.
Trading volume on the UX Futures Market is UAH 108 027 351
Turnover leaders on the UX market of applications:
[MSICH] Motor Sich UAH 15447329
[ALMK] Alchevsk Metallurgical Works UAH 5860510
[AZST] Azovstal UAH 5059108
The maximum of UX Index was fixed on 01.03.2011, totaling 2962,58 points.
Composed by Analytical Department
IC IFG CAPITAL, LLC
