 |
 |
|
|
|
The analytic review of Ukrainian Stock Exchange activity in the 2-nd quarter 2002
The second quarter 2002 was marked by increasing of the activity on the exchange market in comparison with the first quarter 2002. Total stock turnover during the second quarter 2002 has been 1.14 billion dollars, as compared with 0.6 billion dollars in the first quarter. This situation is explained by some increasing of trading`s volume on the primary market and first of all in the sector of privatization.
In the second quarter 2002 the specific weight of the primary market - 87,6 % of total exchange turnover for the quarter. There is trading state-owned shares of public corporations that created in the process of privatization and selling of the bills of the Pension Fund of Ukraine in this sector. But since May of 2002 bill`s trading was stopped according to the decision of Securities and Stock Market State Commission on bill`s trading prohibition at organizing stock markets (stock exchanges and over-the-counter trading systems). The specific weight of the secondary exchange market was same non-considerable as in the first quarter 2002 (12,4% of total exchange turnover for the second quarter ). This situation is explained by predominating of over-the-counter market`s turnover in Ukraine. According to the SSMSC`s statistics the specific weight of the organizing market`s turnover in 2001 has only been 13,5% of total stock market`s turnover of Ukraine.
In the second quarter 2002 structure of the exchange market is characterized by changing in comparison with the previous quarter. In the second quarter 2002 the largest specific weight of stock turnover is shares - 80%, as compared with 35% in previous quarter. Specific weight of bills - 20% as compared with 65% in previous quarter. These changes have taken place because of stopping bill`s trading at organizing stock markets.
|
|
|
