The majority of
liquid shares of domestic issuers closed the week with the unexpressive dynamics
despite the optimism of European markets, caused by the signs of creditors’
positions contingence concerning the details of Greece debt restructuring.
Internal news
background is not univocal. From one hand – there is an improvement of
financial results of banking system in January. Profits of banking system reached
UAH0.7 billion against loss of UAH-5 million in the same period 2011.
From the other hand, there is
growth slowdown of income of direct investments to Ukraine in 2011 and claim of
Worlds Bank (of probability of valid agreement on stand-by credit program of
Ukraine with IMF). By analyst of IC IFG CAPITAL Alexey Sidorov, the breach of
agreement may become a strong bearish factor for Ukrainian market.
The majority of liquid shares of
Ukrainian market were traded on the negative territory. Trade activity on the
market of applications dropped.
The USA indices increased within
the information on Greece despite index of advanced indicators did not reach
the forecasted value.
There was optimism on the trade
opening in Asia, caused not only by economic indicators but stimulating actions
of central banks and Friday results on the stock markets.
Positive external
background was formed on the opening. Despite this, Monday is going to
look like Friday on Ukrainian stocks. New York SE does not have trade today due
to national holiday. Europe is also not supposed to give strong signs today
because important macro indicators are not published and new information on
Greece will apparently not appear before trade close.
Forward market
analysis. Put/Call Ratio decreased to 0.39. The sign is bullish.
Analytical department
of IC IFG CAPITAL forecasts futures and index neutral dynamics by the end of
trade session.
IC IFG CAPITAL
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
