Dragon Capital Leads PFTS with 34% Market Share in 9M07
Kyiv, October 12, 2007 — Dragon Capital remains the top broker on Ukraine’s primary stock exchange, the PFTS, according to official results for the nine months of 2007 (9M07) released by the exchange.
The 9M07 results show Dragon Capital managed more than one-third (34.4%) of total turnover, or UAH 1.9bn of the UAH 5.5bn traded on the exchange. Dragon brokers conducted more than double the trade volume of their nearest competitor, Concorde Capital, over the period.
Dragon Capital has increased its overall position on the PFTS in 9M07 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 more than 120%, reflecting a sharp increase in foreign investor interest towards local assets despite political uncertainty related to September 30 parliamentary elections and recent global market jitters. 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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