UFC Capital Released Daily Ukrainian Market View
OREANDA-NEWS. July 06, 2010. UFC Capital released daily market view:
Verkhovna Rada tightens requirements for professional stock market participants. 248 deputies voted in favor of bill #2540, which provides an increase in the minimum authorized capital for companies involved in specific operations, as follows: dealer activities, from UAH 120 thsd to UAH 500 thsd, brokerages from UAH 300 thsd to UAH 1 mln, trust management from UAH 300 thsd to UAH 7 mln., and underwriting from UAH 600 thsd to UAH 7 mln. In addition, the size of the minimum authorized capital will be raised for custodians, registrars, depositories, asset management companies and stock exchanges.
SSMCS plans to limit bond yields. Securities and Stock Market State Commission (SSMSC) intends to limit the maximum coupon yield of corporate bonds. A decision will be taken at the next meeting of the commission. The maximum yield may limit the level of the NBU discount rate at the date of the placement of securities plus 10%.
Equity market. On Friday, after the positive momentum prevailing on European and Russian stock markets, the UX index gained 2.83% to 1892.12 points. The trading volume on the spot market of the Ukrainian SE amounted to UAH 59.6 mln, while the turnover on the futures market was UAH 20.2 mln.
On the order-driven market of the Ukrainska SE, the best performing stocks were Luganskteplovoz (LTPL; SELL), which gathered 8.2%. The only stock that declined in value on July 2 was that of Chervonoarmiyska-Zakhidna Coal Mine #1 (SHCHZ; SELL), at minus 0.02%.
The leader in terms of turnover was Ukrsotsbank (USCB; HOLD), with the total volume of UAH 7.4 mln.