OREANDA-NEWS. On 13 August 2009 UFC Capital released daily market expectations:

In European and American markets the correction still takes place. The actual decline in consumer prices in France at -0.4% (July vs. June 2009), that was better-than-expected (-0.5%) had no significant influence on the investors’ sentiments. Both European and American main indices demonstrated the bearish trend. On August 12, the sentiments of the market participants may be influenced by official data on the US trade balance this June. However, the European markets opened with decline, and early this day the futures for the US indices also evidenced that negative expectations still prevail.

NBU cut the refinancing rates. The National Bank of Ukraine (NBU) cut its rates for overnight loans secured by state bonds from 16% to 15.5% p.a. and as to the blank ones – from 18% to 17% p.a. The new rates become effective from August 12.

A slight increase in trade volumes occurred in Ukrainian stock exchanges. August 11, on PFTS SE 88 deals were made with the shares of Ukrainian companies for the total of UAH 18.7 mn. The greatest number of deals – 23 – were sealed with shares of Ukrnafta (UNAF). Same day, on Ukrainska SE 605 deals were sealed for the total of UAH 17.1 mn. The shares of Ukrnafta also became the leader of the trades on this floor – 200 deals. During the last days there is an active speculation with the shares of this company, which market participants are buying in expectation of its general meeting, which is to consider the payout of dividends for 2007-2008. We would like to remind that the meeting is scheduled for August 14. We should also like to draw your attention to surging quotations of Motor Sich (MSICH), connected with release of its financial statements for the first 6 month of the year. The net profit of the company boosted 47 times, while its net profit – by 52% as against the comparable period last year.