Trading levels improved on Thursday but sellers still dominated the market, and the PFTS Index (-0.3%) came to a rest not far from this year’s lowest level.
Bank Aval (+0.2%) topped the list of most traded stocks as the market expects good financial results for Ukraine’s leading banks in 1H08. Motor Sich (-2.4%) continued to depreciate, possibly on a big sell order as there are no fundamentals precipitating the stock’s decline. Enakievo Steel (-1.8%), Alchevsk Steel (-0.9%) and Centrenergo (-0.4%) declined for the same reason. With the situation on international markets still difficult, we do not expect any improvement in market performance this week.

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