OREANDA-NEWS. January 19, 2010. UFC Capital released daily market view:

Equity market. On Friday, before the noon the index of Ukrainska SE reflected the bullish sentiments of investors’. However, the information about 23-year low drop in whole prices in Germany released at lunchtime, and subsequent lowering of European and Russian stock indices, stimulated the Ukrainian investors’ desire to take profits. The bulk sale of shares became a reason for the market reversal. Nevertheless, it failed to overcome completely the morning optimism, and the UX index added 0.16%. On this floor that day 1,485 deals were sealed for the total of UAH 29 mn. The course of the Ukrainian presidential elections is able to influence significantly the Ukrainian stock market dynamics on Monday 18.

Fixed-income market. Late last week, Kyiv municipality paid the next coupon of its Eurobonds maturing 2011. The total payment amounted to USD 8.625 mn. We must say that Kyiv, which issued three Eurobonds series for the total of \\$700 mn, despite declining liquidity in the financial system regularly fulfills its bonds-related obligations. Allowing for Kyiv municipality bonds attractive effective yields, we consider investments in these Eurobonds as lucrative investment idea.