Market Analysis

On the afternoon of Monday, the volatility of the Ukrainian market has declined substantially, following the day the market closed confident growth, mainly due to shares Ukrnafta and metallurgical enterprises of Metinvest-friendly Viktor Yanukovych: index of "Ukrainian Stock Exchange, rose by 1 , 52%, to 1656.22 points, the PFTS index - on 1,49%, to 634.40 points.

As noted trader investment firm Phoenix Capital Irina Barabanov, special shocks quotes on the Ukrainian market shares in connection with the holding of presidential elections in the country did not happen.

"The players were in no hurry to make important decisions, and the violent reaction to the preliminary data on the presidential election not followed," - commented the Dragon Capital investment adviser Oleg Dryzhakyu

However Barabanova expects that the main reaction will be followed after the announcement of final results of the second round of presidential election (February 7).

As noted analyst investment group "TASK" Vadim Yemets, Ukrainian stock indexes rose on Monday on domestic factors, as well as on the background of positive external environment.

main driver of growth stocks have become "Ukrnafta who have grown up on 7,82% (the" Ukrainian Stock Exchange ") on the news about the increase of 42% starting price of oil at an auction at the Ukrainian Interbank Currency Exchange, which will be held on January 20.

In turn, Barabanov said: this increase is caused by the new rules of the auction, which include linking the price of oil, extracted by Ukrainian companies, including Ukrnafta, the price of Russia"s imports.

According to its estimates, the impact of this news for Ukrnafta "will be positive, which will strengthen the company"s shares.

However, in Dragon Capital does not exclude the presence of probability of failure of the auction through the intervention group "Privat".

also actively enough to buy stakes in steel companies - Azovstal (2.8%) and Enakievo Steel (2.12%).

According Emca, the growth of quotations of the companies associated with a high probability of winning the election of Viktor Yanukovych, friendly to the CCM presidential candidate. "

He also noted that the shares Krukovka Carriages (4.62%) grew on the support of the good results of the elections Sergei Tigipko.

In addition, the news that the "Motor Sich" concluded with the Indian Air Force contract worth $ 110 million to upgrade engines for the An-32, quotation of the company rose 1,10%.

According

Emca, European share platforms on Monday showed fairly strong growth on expectations of recovery of the European market of mergers and acquisitions. However, investors remain positive mood, despite the disturbances due to budgetary problems in Greece.

share platforms United States on Monday closed - in the country celebrates the day of Martin Luther King.

leaders in terms of trading shares were Ukrnafta - 259 transactions at 7.4 million UAH, Azovstal - 169 transactions at 4.2 million UAH, Enakievo Steel - 156 transactions on 4,0 million UAH.

Investors fixed income securities at "Mostobud" (-3,5%), Khartsyzsky (-3.03%), Stakhanov Wagon Works (-2.9%) and Avdeyevka coking plants (-2.7%). Correction also hurt shares of Alchevsk Iron and Steel (-0.7%).

On

"Ukrainian Stock Exchange on Monday were trading at high activity: 1580 transactions concluded at 36.7 million UAH.

PFTS On this day the leaders of trades by volume of deals concluded were shares Azovstal (3,13%) - at 2.6 million UAH, "Ukrnafta (7,15%) - at 2.3 million UAH, Enakievo Steel (2.24%) - at 1.7 million UAH.