Dragon Capital Repeats in 2007 as Most Successful Brokerage on Ukrainian Market

25.01.2008
Investment bank Dragon Capital has again taken first place in a rating of the top brokerage firms in Ukraine for 2007 as determined by the PFTS, the country’s leading stock exchange. Dragon Capital also took first place in 2003, 2005 and 2006.

Kyiv, January 25, 2008 — Investment bank Dragon Capital has again taken first place in a rating of the top brokerage firms in Ukraine for 2007 as determined by the PFTS, the country’s leading stock exchange. Dragon Capital also took first place in 2003, 2005 and 2006.

Overall Dragon Capital accounted for nearly UAH 3bn of all shares traded on the PFTS in 2007, a year in which the Ukrainian market’s total turnover grew by 67% y-o-y, to UAH 10.0bn. 



The KP-Dragon Index, which measures the performance of the 20 most liquid stocks on the PFTS, rose by 132% in 2007, demonstrating the substantial growth in interest towards Ukrainian stocks among foreign and domestic investors. Ukraine was the best-performing stock market in the world last year. 



“In 2008 we expect the Ukrainian stock market to continue to climb in spite of the liquidity crisis that has enveloped global markets. We believe the market will be able to demonstrate growth of 30-40%,” said Dragon Capital Head of Trading and Domestic Sales Dmytro Tarabakin. “And numerous factors should contribute to this: greater domestic political stability; the strengthening economy; increased foreign investment inflows, and the public debuts of promising new companies. Taken together, these will lead to an increase in market liquidity, and as such we expect to see more buyers on the market, from global investment funds to Ukrainian funds and local individual investors.”

 

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