OREANDA-NEWS. March 15, 2010. UFC Capital released daily market view:

Rating of Ukraine has been enhanced. Standard&Poors international rating agency enhanced the ratings of Ukraine dealing with its obligations in foreign currency from CCC+ to B-, with the “positive" rating outlook. According to S&P press release, formation of the new government coalition will lay the foundation for better political coordination and re-establishing of relations with the International Monetary Fund.

Changes in Ukrainska SE. On March 12, the shares of Zhytomiroblenergo (ZHEN), Komsomolets Donbasa Coalmine (SHKD) and Alchevsk Coke (ALKZ) are transferred from quote-driven to order-driven market.

Furthermore, the exchange decreases the securities ratio in application for shares of the following companies: Alchevsk Iron and Steel (ALMK) – to 1,000, Enakievo Steel (ENMZ) – to 1, Krukovka Carriages (KVBZ) – to 10, Interpipe Novomoskovsk Tubes (NVTR) – to 100, and Ukrnafta (UNAF) – to 1.

Equity market. As we expected, a slight correction took place on March 11. The index of Ukrainska SE closed down 1.55%. Overall, on the trading floor 3,213 deals were made for UAH 88.0 mn. The securities from Ukrainska SE basket demonstrated that day a differently-oriented dynamics. The leader of decline in the order-driven market became the shares of AvtoKrAZ (KRAZ), which closed down 4.3%.

The indices of the European larges stock exchanges dropped below zero this Thursday. The RTS index in the first half of the day demonstrated bullish sentiments of investors, however, after the lunchtime it plunged to the red zone.

In our opinion, after March 11 decline, the Ukrainian investors when developing their trade strategies on Friday, first of all, will be guided by dynamics of the global largest stock exchanges.

Fixed-income market. Yesterday, the Finance Ministry of Ukraine held an auction for OVDP placement that mature in September 2012, at which only one application for UAH 109 mn with 20% YTM was satisfied. Allowing for the application volume and low YTM, we can assume that this issue was purchased in the interests of the National Bank of Ukraine.