Fall of the Russian stock indexes which took place on October, 27, on Monday, should not influence Ukrainian market, considered the experts of "Aval" bank.
As it was reported by the Bank press service with reference to the dealer of the department for dealing operations of the JSPPB "Aval" Dmitry DREBOT, Moscow events will not essentially influence the Ukrainian stock market. Firstly, there is no advanced capital market in Ukraine, and secondly, Ukrainian market has no connection with foreign stock indexes.
As to exchange market, as D.DREBOT noted, "here the influence of Moscow events could be seen more clearly". According to him, on October, 27 the rouble has considerably fallen in comparison with other currencies, including those on the Ukrainian market, having lost about 1 percents in comparison with hryvna. "However this effect was short-term: news became out of date and on October, 28 the rouble stopped its fall", — reported the dealer of "Aval" bank.
At the same time, according to him, "such events indirectly influence the stock markets of the former Soviet Union".
At that the deputy chief of the management for commercial crediting of "Aval" bank Alexander SENKIN in the long term does not exclude the increase of the capital inflow to Ukraine, especially if falling on the Russian stock market continues. As he noted, the economic situation in Ukraine is more stable, than in Russia, as well as positive forecasts concerning growth of gross national product and other macroeconomic parameters for the next whereas rates of yield are approximately at the same level. Moreover, on October, 28 2003 international rating agency S&P increased the rating of Ukraine from "stable" to "positive".
As A.SENKIN, announced, "such conditions could attract the capital released in Russia". "Though, certainly, we also have significant political and country risks, and, moreover, the extremely bulky procedure of exportation of incomes abroad and undeveloped secondary market, in short, those factors which hamper flow of the external capital to our stock market", — stressed he.
