Foreign sales pushed leading Ukrainian shares down around 2 percent in the week to July 14, dealers said, adding prices were likely to slide further in the absence of heavyweight investor interest.
The benchmark PFTS 14-share index fell 2.09 percent to close at 58.85 compared to 60.11 the week before.
“The bourse has been sliding day after day while some shares have fallen by about 10 percent since the start of the month,” said Ihor Mazepa, a trader at Prospect Investments brokerage.
“Optimism has evaporated, non-residents are mostly selling and it is driving the market down,” he said.
Dealers said local brokers did not have enough funds to support the market adding trade volumes were also down this week due to a general summer slowdown.
Trade turnover, including treasury bills and promissory notes as well as shares, fell to Hr 7.47 million ($1.37 million) over the week from Hr 10.43 million a week ago. Shares in oil and gas company Ukrnafta eased to Hr 20.25 on July 14 from Hr 20.40 on July 13 and Hr 21.85 the week before.
Shares in energy generator Zakhidenergo slipped to Hr 37.00 from Hr 37.40 a week ago, while shares in chemicals producer Stirol eased to Hr 10.7686 from Hr 10.8000 previously.
There are 432 companies traded on the PFTS electronic share trading system.
