OREANDA-NEWS. March 12, 2010. UFC Capital released daily market view:

Equity market. March 10, the rally continued in the Ukrainian market. The index of Ukrainska SE closed up 2.38%. On Wednesday, on that trading floor 4,433 deals were made for the record-breaking UAH 100.7 mn. That day on the order-driven market the growth leader was Stirol (STIR), which shares quotations surged 10.0%.

The indices of the European larges stock exchanges and RTS SE during the trading day in Ukraine stayed around zero. The investors uncertainty could have been provoked by ambiguous statistics released.

On the one hand, the threat of deflation in Germany becomes less real, since in February the inflation accelerated to 0.5% as compared to February 2009. This January in France the industrial production added 1.6% as compared with December 2009 (it was expected to add just 0.1%).

On the other hand, in Italy the GDP decline by 0.3% in 4Q2009 resulted to be worse-than-expected (-0.2%). Meantime, in UK this January the industrial production fell 0.4% MoM (it was expected to add 0.3%).

The rally that continued in the Ukrainian stock market this Wednesday without any visible reasons cause increasingly more concerns about possible profit taking by some investors in the near term.