OREANDA-NEWS. November 11, 2010. UFC Capital released daily market view:

The NBU has designated a fourth bank to be temporarily administered. The National Bank of Ukraine has placed Dialog Bank under temporary administration for a period of three months – starting November 10, 2010 – in order to create favorable conditions for the financial rehabilitation of the bank. Olena Rogozha, who is the deputy branch head of the National Bank of Ukraine for the Dnipropetrovsk region, was chosen as the designee for this post. This is not the first time the bank has been placed under NBU administration, as the bank had experienced a similar situation in July of 2010.

Equity Market. Despite opening in the red zone, the UX Index managed to make gains on the morning losses and closed at 1987.12 points, an increase of 0.03%. The total trading volume in the market reached 194.2 mln hryvnia, of which 48.0 mln was in the futures market.

The trading volume leaders in the order-driven market of Ukrainian Stock Exchange were Ukrnafta (UNAF; BUY), Ukrsotsbank (USCB; HOLD), and Centrenergo (CEEN; BUY), whose stocks were traded in the amount of 28.7 mln hryvnia, 16.9 mln hryvnia, and 15.4 mln hryvnia respectively.

The day’s top performer was Zakhidenergo (ZAEN; SELL), whose shares increased in value by 2.68%. Three companies saw a significant drop in share value: Nizhnedniprovsky Pipes Rolling (NITR; SELL) at 10.3%, Luganskteplovoz (LTPL; HOLD) at 4.6%, and Stakhanov Railcar (SVGZ; HOLD) at 5.75%.

Bond market. Ferrexpo, the parent company of Poltava Mining (PGOK; BUY), announced that it was once again postponing its Eurobond issue. The company explained that this was due to the increased volatility in the market and stated that it would be willing to proceed with the issue once the market stabilizes.

In addition, DTEK has announced its investment plans, which appear to be quite ambitious. The company stated that it plans to spend €1.85 billion on wind power projects by 2018. A possible source of funding for such a project could be new issues of Eurobonds by company.