KIEV, Sept. 22 – The decline of the Ukrainian stock market by 70% in 2008 can be explained mainly by unwarranted speculation last year, when the market soared by 135.4%, says Serhiy Biriuk, a member of the State Commission for Securities and the Stock Market.
"Such increases are signals of such declines. One should not have spun away the market without any reason," he said at an annual conference organized by the PFTS stock exchange in Alushta on Friday.
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