Since Monday, an unprecedented rise in quotations of shares of metallurgical companies in Ukraine has been observed on the stock exchange. Yesterday UFB was forced to suspend trading due to a 15% rise in share prices per session.
Experts say that in this way investors are leaving the foreign exchange market for the stock market, fearing instability and further confrontation in the country. Unable to acquire foreign currency (due to banking restrictions), the business buys funds.
Nevertheless, today the growth of shares of Azovstal amounted to 24.59 percent, Avdeevsky coke-chemical plant 16.57 percent, Alchevsky metallurgical plant 13.14 percent, Yenakievsky iron-and-steel works 29.80 percent.
Trades are held in the regular mode.
Quotes of Ukrainian steelmaking companies are growing rapidly
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