OREANDA-NEWS. December 15, 2009. UFC Capital released daily market view:

This trading week opened with growth of the largest stock indices. On Monday most of the European and American stock indices grew moderately. Apparently, the news about Abu Dhabi emirate USD 10 bn support to Dubai government resulted to be more significant for investors than industrial production decline in euro zone in October by 0.6% (in September it increased 0.3%). However, on Tuesday the Japanese Nikkei 225 closed by 0.22% below zero. Today we recommend paying attention to the CPI in the UK, economic sentiment (ZEW Survey) in Germany and overall euro zone, as well as industrial production index and industrial producers’ prices in the USA.

SCSSM to legalize REPO transactions. The State Committee for Securities and Stock Market (SCSSM) has developed draft Procedure for purchase-sale transactions on stock exchanges with their repurchase obligation. The Committee specifies that REPO consists of two parts: agreement on sale-purchase of securities at certain price with their repurchase obligation and agreement on purchase-sale of certain number of securities at agreed price and at certain date. The REPO period shall not exceed 180 days. We must say so far the NBU’s  decree regulated REPO transactions of banks only. The said draft of the SCSSM is aimed to address problems of securities brokers with tax authorities.

Slight decline on Ukrainian trading floors. Despite increase in the indices of most global largest stock markets, the indices of the Ukrainian largest trading floors closed below zero this Monday. Probably, the reason for investors' pessimism was the interview by Grigoriy Nemyria, Ukrainian vice prime minister, in which he stated that Ukraine needs to get at least part of the IMF’s fourth tranche in 2009. December 15, on Ukrainska SE 512 deals were made with securities for the total of UAH 12.7 mn. The shares of Yasinovka Coke (YASK) were the most liquid ones – 59 deals. On PFTS SE that day 295 deals were sealed with all types of securities for the total of UAH 12.8 mn. The biggest number of deals on this floor were made with shares of Centerenergo (CEEN) – 37.