Benchmark Equity Index Heading To 500

July 2008 | Market Strategy

Having lost 47.9% of its value since January 1, Ukraine's PFTSI equity index has firmly broken through our 675 downside target, to at one point trade at 610 on July 17. We believe that further losses are likely over the short term, with the technical picture supporting a move towards support at 500.

If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.