With the presidential election over, the political risks of investing in Ukrainian stocks have been substantially reduced. We therefore expect to see an inflow of funds boosting the majority of stocks. However, we believe banking stocks will be the exception, as they will most likely be less favored after the inauguration of the new president and the replacement of key officials in the Central Bank and Government.

We expect to see steelmakers, machinery plants and state-controlled monopolies rise today, unless sentiment continues to deteriorate on global bourses. Last week’s weekly decline of 0.7% could be erased today if news from the G7 summit leads to a temporary easing of concern over sovereign debt.