Daily Insight-State budget, foreign trade issues in spotlight

On Friday, local shares extended their losing streak by sending both stock indices down by more than 3% in the day. The market reacted to negative news flow ranging from Hungary\'s public debt to the pace of economic recovery in the US, putting investors on alert and prompting them to sell shares across the international markets. Ukraine\'s shares on the local stock trading systems (the UX and PFTS) staged another volatile session, with prices on the UX zigzagging throughout the session, posting a 3.3% loss on heavy turnover of UAH118m, while the PFTS lost 3.6%. The most liquid stocks, which gained the most during a recent session when prices rebounded from a deep plunge at the end of May, were subsequently hurt the most Friday, emphasising the degree of volatility that has taken the market hostage since early May.