Monday’s PFTS Index growth was eliminated yesterday as expectations that the American Fed will increase interest rates triggered more selling activity on the market. Domestic news, including another failed attempt at Ukrnafta’s (-3.5%) AGM, added a shot of pessimism to the local cocktail. The resulting volatility continued to hit the most liquid stocks.
The heaviest trading activity remained in the steel sector   Avdiyivsky Coke
(-2.7%), Enakievo Steel (-2.9%) and Alchevsk Steel (-4%). Engineering stocks, including Mariupol Heavy Machinery Plant (-6%) and Motor Sich (-3.7%), were also popular among traders. Centrenergo (-2.7%), Zakhidenergo (-3.5%), Donbasenergo (-5.8%) and other GenCos started trading actively on the falling market, signaling that they are overvalued.
After a few days of positive activity, the market is heading back into its correction as it waits for positive domestic news that would set it apart from other stagnating stock exchanges.

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