OREANDA-NEWS. March 18, 2010. UFC Capital released daily market view:

SSMCS prohibited from transferring shares in certificated form. On March 16, the Securities and Stock Market Commission (SSMCS) voided its decision no. 397 (adopted in 2004), which had approved the regulations for the procedure of transfering shares issues from non-certificated into certificated form.

The SSMCS justified this decision by the fact that by October 29, 2010, in accordance with the law “On joint-stock companies”, all existing shares are to be transferred from certificated into non-certificated form, and the transfer from one form into another usually takes about four months.

Equity market. On March 17, amid the growth in indices of the world’s largest stock exchanges, the Ukrainska SE index advanced by 1.02%. The positive mood of international investors was most probably based on news that the Fed decided to keep the target base rate at its former level (0% – 0.25% p.a.), as well as information that the number of UK citizens receiving unemployment benefits declined by 32.3 thsd this February, arriving at the record low point seen in the UK since 1997. Meanwhile, optimism on the part of Ukrainian investors was probably triggered by news that the Fitch international rating agency upgraded Ukraine’s ratings from negative to stable.

All in all, by the close of trading on Wednesday, 2,860 transactions had been made on the Ukrainska SE for a total of UAH 82.0 mln. The leaders of growth were the shares of Alchevsk Iron and Steel (ALMK) and Ukrtelecom (UTLM), which climbed 7.6% and 3.1%, respectively.