UFC Capital Released Daily Ukrainian Market View
OREANDA-NEWS. July 21, 2010. UFC Capital released daily market view:
Equity market. Having opened below zero on July 19, the Ukrainska SE index remained in the green zone for most of the session, falling under zero just shortly before the close of trading. As a result, the index slipped 0.65% to 1933.68 points. The turnover on this trading floor was rather insignificant, just 24.8 mln hryvnia. The volume on the derivatives market amounted to 11.6 mln hryvnia.
On Monday, there was active trading with the shares of Azovstal (AZST; BUY) and Alchevsk Iron and Steel (ALMK; BUY), which lost 1.0% and 1.1% respectively. The growth leader ended up being Sumy Fronze Machine Engineering (SMASH; HOLD), which gathered 4.5%. The leader in terms of decline was Dakor West (DAKOR), closing down 4.8%.
Fixed-income market. Sergei Tihipko, the Vice-Prime-Minister of Ukraine, announced that the government’s VAT liabilities from 2009, which are to be converted into VAT bonds, amounts to 16.4 bln hryvnia. This figure was confirmed by audits conducted by the State Tax Inspectorate of Ukraine. The amount of VAT debt for 2010 subject to being refunded in the form of VAT bonds still has not been approved to date.