Ukrainian stock market was not affected by Tymoshenko's dismissal

The Ukrainian stock market gave little response to the announcement of the termination of the parliamentary coalition, as the more important issue for investors is the formation of a stable coalition.
A senior analyst at Phoenix Capital, Andriy Nesteruk, said that political vagueness at present gently affects the stock market. He said that the announcement of Speaker Volodymyr Lytvyn that the coalition's existence was not confirmed had only slightly cut the pace of Ukrainian shares compared to European shares.
However, investors are waiting to see whether the Regions Party manages to create a new coalition.
Written by: Publisher Friday, 05 March 2010 15:39