OREANDA-NEWS. April 13, 2010. UFC Capital released daily market view:

SSMSC plans to restrict volatility. Draft changes in the regulation On stock exchanges operation, first made public by the SSMSC on April 8, set limits on securities fluctuations. According to the regulation, if these limits are exceeded, a stock exchange must suspend trading operations with such securities. The price of first-tier securities of the listing should not change by more than 10% within the first 60 minutes of the trading session’s opening relative to their average price during the last hour of the previous session. During the next 60 minutes, their prices should not change by more than 5%. For tier-two securities, the maximum fluctuation should not exceed 15% and 7%, respectively. For the time being, each stock exchange independently sets its own criteria with respect to price instability.

PFTS to launch a futures and options market. The PFTS SE plans to launch trades on the futures and options market in 2H2010. In addition, according to Irina Zaria, the President of the PFTS SE, the SE is to plans to activate a mechanism of the central counterparty in the near future, as well as speed up the development of the REPO market.

Equity market. On April 9, the Ukrainska SE index climbed by 1.42%. From the beginning right through to the end of the trading session, the indicator was in the green zone. Overall on Friday, 2,110 deals were sealed on the Ukrainska SE for a total of 54.5 mln hryvnia. The growth leaders on the order-driven market were Ukrainian mining companies, namely Northern Mining (SGOK) and Poltava Mining (PGOK), which grew in price by 6.1% and 5.7%, respectively.

All in all, on April 9, on the order-driven market, the shares of pipes producers were the only ones to suffer a decline, due to a statement issued by Russian Customs indicating that April 1 was the deadline for duty-free imports of steel pipes from Ukraine. Thus, it appears that Ukrainian politicians have suffered a defeat in this area. Nevertheless, we are hopeful that the matter of Ukrainian pipes exports to Russia will be resolved positively.