01.11.2007, 21:57
PFTS Market October 31 Review
OREANDA-NEWS. With a bulk of USD 27.5 mln in trades, the PFTS inched up 0.09% on Wednesday to 1177.0. GenCos again led volumes, Kyivenergo (KIEN: BUY) trading flat on USD 2.7 mln. Motor Sich (MSICH: BUY) moved up 7.9% and Druzhkivka Machinery (DRMZ: BUY) climbed 15% as interest in the machine building continued. On the other side, profit taking in Nyzhnyodniprovsky Pipe (NITR: HOLD) took shares down more than 16%. Yesterday's session capped the exceptionally strong month, particularly for steel and commodity-related shares - the index overall rose 13.8% in October and lower-tier stocks made an aggressive move higher, particularly over the past two weeks.
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