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

The Verkhovna Rada passed the state budget for 2011 after the first reading. According to the bill, income will total to 281.46 bln hryvnia in 2011, while costs are projected to be 321.95 bln hryvnia. In such a scenario, the budget deficit would equal a little more than 3% of Ukraine’s GDP.

The settlement price for the UX Index December futures contract is set. The execution price of the December futures contract on the Ukrainian Index has been set to 2335.97 points. This indicator is defined as the average of UX index as of the last trading hour on the last trading day of the futures contracts, which was December 15, 2010. On December 15, 2010 a futures contract for the UX Index concluding on June 15, 2010 will be authorized.

Equity market. The Ukrainian Exchange Index showed strong movements in various directions during yesterday’s trading session. Overall, the UX Index grew by 2.44% to 2339.50 points. The sharp growth of the indicator in the second half of the day led to a significant increase in the trading volume in the market. Overall, trading volume for the day amounted to record a 399.4 mln hryvnia, including 60.6 mln hryvnia from the futures market. Note that the main source of growth and trading volume was caused by Ukrnafta (UNAF; HOLD), whose share price increased 14.30%. There were 3425 transactions conducted for its shares, with trading volume totaling 150.4 mln hryvnia.

Mariupol Heavy Machine Engineering (MZVM; UNDER REVIEW) demonstrated a sizeable loss for the second day in a row; on Tuesday the company’s share price dropped 13.47%.