OREANDA-NEWS. October 28, 2010. UFC Capital released daily market view:

Ukrainian issuers are unable to convert shares to uncertified form on time. Only about 2 thnd companies, less than 10% of all joint stock companies, will have time to convert shares into uncertified form before October 29, 2010. This provision is required for the newly introduced “Law of Joint Stock Companies”. The Chairman of Securities and Stock Market State Commission, Dmitriy Tevelev, says that the SSMSC will provide companies another three to six months before it begins to apply financial fines.

Equity market. The UX Index was in the ‘red zone’ throughout the trading session on October 27. The majority of European, American, and Russian stock markets also fell, which encouraged pessimism among Ukrainian investors. Overall, the UX Index decreased by 1.34% to 1827.60. Trading volume was 87.3 mln hryvnia on the day.

The leader in trading volume in the order-driven market of Ukrainian Exchange was once again Avdiivka Coke (AVDK; HOLD). These securities were traded in the amount of 13.0 mln hryvnia in 174 trades.

Shares of Ukrsotsbank (USCB; HOLD), Raiffeisen Bank Aval (BAVL; SELL), and Alchevsk Iron and Steel (ALMK; SELL) were also actively sold; the companies’ values decreased by 2.80%, 2.31%, and 1.96% respectively.