Dragon Capital Continues to Lead PFTS in 1H07
Kyiv, July 12, 2007 – Dragon Capital continues to outperform all other brokers on Ukraine’s primary stock exchange, the PFTS, based on official results for the first half of 2007 (1H07) released by the exchange this week.
The 1H07 results show Dragon Capital maintained its lead over competitors during the period, managing more than one-third (33.7%) of total turnover, or close to UAH 1.1bn of the UAH 3.2bn traded on the exchange. Dragon brokers conducted more than double the trade volume in 1H07 of their nearest competitor, Troika Dialog Ukraine, and in June alone, Dragon accounted for 45% of the market’s total stock turnover.
Dragon Capital increased its overall position on the PFTS in 1H07 compared with the banner year it had in 2006 when it generated 32% of the $1.2bn in total stock turnover on the exchange.
Since the start of 2007, the Ukrainian stock market has surged by almost 100%, reflecting a sharp increase in foreign investor interest towards local assets despite political uncertainty related to parliamentary elections scheduled for this fall. The country’s equity market has also outperformed its regional peers by a wide margin and remains one of the best-performing emerging markets in the world so far in 2007.
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