OREANDA-NEWS. January 26, 2010. UFC Capital released daily market view:

SCSSM to deal with market-rates. The State Committee for Securities and Stock Exchange of Ukraine (SCSSM) is to set clear requirements to market-rates calculation on stock exchanges and is going to revise its use criteria for mutual funds’ net assets estimating. We must say that existing regulation dealing with stock exchanges functioning contains definition of the market-rate, but lacks formalized requirements to its calculation. According to Nikolai Burmaka, they will specify requirements to the spread magnitude, number of deals, and deal volume. Mr. Burmaka assures that within the next two weeks the amendments will be proposed for consideration by the SCSSM meeting, and subsequently this document will be agreed-upon with the Justice Ministry. In his opinion the amendments will become effective this spring.

Equity market. January 22, the bears continued their triumphant marching both in the external larges markets and on the Ukrainian floors. The negative news background was not an only driver for the local market declining. The European Bank for Reconstruction and Development added fuel into the fire by deteriorating the outlook for Ukraine’s GDP decline from 14% to 14.5%. Last Friday, the index of Ukrainska SE stayed in red zone, and on close it fell 2.46%. On this trading floor 1,647 deals were made for the total of UAH 37.4 mn. Shares of Mostobud (MTBD), AvtoKrAZ (KRAZ), and Mariupol Ilich Iron and Steel (MMKI), which shed 8.97%, 6.04%, and 6.03%, accordingly, demonstrated the biggest decline.