All index values continued to fall, but more slowly than last week. All the week's results indicated traders were not active. Total trading and the number of stocks traded were very small. Total supply increased by more than Hr 20mn over the week, while total demand fell from Hr 3mn to Hr 1.7mn. The main event of the week should have been the UkrNafta shareholders' meeting scheduled for June 3, but representatives of the SPF, the majority shareholder, failed to attend and the meeting was canceled.
Traders believe that, after one inactive week, something has to change.
Supply increased because spreads were growing. Next week spreads should start to shrink as ask prices fall and bid prices grow a little. Almost all traders believe that the market will continue to fall. The number of stocks traded fell to 17. The KAC-metallurgy, chemical, energy and engineering indexes fell 2.76, 1.32, 9.66 and 2.96.