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Ukraine shares slide amid low volume, weak
demand.
Leading
Ukrainian shares edged down over the past week amid weak demand and traders predicted
further slides next week due to low investor interest and a generally downward
trend on world markets.
The benchmark PFTS 14-share
index eased by 1.37 percent to 57.19 on Friday compared to 57.98 last week.
"The trade was really
weak,'' said Andriy Talko at Prospekt investment company. "Our small market
was asleep, and the donwward trend in the United States and around the world also
had its negative impact.''
Trade turnover, including
treasury bills and promissory notes as well as shares, fell to 15.39 million hryvnias
($2.83 million) over the week from 44.31 million hryvnias a week ago.
"There is a lack of
local funds to support the market in conditions when foreign investors do not
rush to buy Ukrainian papers,'' another trader said. |
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said the demand focused mainly on shares in electricity generating companies.
Shares in electricity generator
Dniproenergo fell to 115.00 hryvnias on Friday from 121.55 hryvnias previously,
while shares in other generator Tsentrenergo eased to 0.82 hryvnias on Friday
from 0.84 hryvnias a week ago.
There are 432 companies
traded on the PFTS electronic share trading system. ($-5.4371 hryvnias) |
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