(Reuters) Ukrainian shares eased by 2.31 percent in the week to July 21, and dealers said prices were likely to slide in coming weeks due to the summer holiday season already under way.
The benchmark PFTS 14?share index closed at 57.49 on July 21 compared to 58.85 a week ago. It further fell to 57.13 on July 24, with the volume of trading amounting to Hr 369,320.
Trade turnover, including treasury bills and promissory notes as well as shares, rose to Hr 12.26 million ($2.25 million) during last week from Hr 7.47 million a week before.
“The benchmark is likely to slide and the season of summer vacation is the main reason for it,” one trader said. “However, a lack of funds and foreign investors is another reason for the fall.”
Shares in energy generator Dniproenergo fell to Hr 126.0 from Hr 141.3 a week before, while shares in the state?controlled oil and gas company Ukrnafta rose to Hr 21.00 from Hr 20.25 previously.
The PFTS index has risen by 18.06 points, or 46.22 percent, since the start of the year. It was at this year’s lowest of 39.07 at the beginning of the year and reached its highest level of 63.03 on June 20. There are 432 companies traded on the PFTS electronic share trading system.
