OREANDA-NEWS. February 04, 2010. UFC Capital released daily market view:

PFTS approaches a full-fledged internet trading. PFTS SE plans to introduce a central counterparty in the trading chain, which will allow launching a full-fledged internet trading on the floor, since all the deals will become anonymous. The Securities and Stock Market State Commission (SSMSC) has approved relevant changes to the Rules OJSC PFTS Stock Exchange, which are to become effective till July 14, 2010. We must say that matters dealing with the central counterparty activities are not legally regulated in Ukraine, and the SSMCS back in summer-2009, promised to formalize all required provisions. As soon as the said document becomes effective, both PFTS SE and Ukrainska SE will have to change their trading rules again. The PFTS SE has not yet revealed any information about who will be the founder of the central counterparty as well as how much will its services cost.

Equity market. February 2, the index of Ukrainska SE added 1.13%. The dynamics of the Ukrainian indicator was similar to the dynamics of the RTS and consolidated European indexes. On Ukrainska SE that day 1,858 deals were made for the total of 36.8 mn. The growth leaders on the order-driven market were the shares of Forum bank (FORM) and Luganskteplovoz (LTPL), which surged 9.9% and 7.0%, accordingly. We must say that significant rise in the cost of Forum bank’s shares can be explained by the feverish demand from some investors, who expect that at the bank general meeting on March 4, it can be announced that Commerzbank (Germany) will purchase from Leonid Yurushev (a Ukrainian businessman) his stake in the bank (about 25%).

Fixed-income market. The Finance Ministry of Ukraine at its next auction for OVDPs placement raised UAH 1.1 bn, while the biggest portion of this amount fell at the long-term series maturing in September 2012. Despite that the Ministry officials had claimed that in the nearest future no increase in yield will occur at the auctions, yesterday the weighted average yield on bonds maturing in 2012 climbed to 26%. Most likely, it was caused by approaching deadline for redemption of two OVDPs series for the total of UAH 1.8 bn