OREANDA-NEWS. May 20, 2010. UFC Capital released daily market view:

SSMSC toughens requirements for advertising mutual investment funds.

The Securities and Stock Market State Commission of Ukraine has prepared draft amendments to the law On advertising. According to this bill, in advertising carried out by mutual investment funds, they will no longer have the right to pay reference to information about return on investment for securities or the amount of the latest yields of particular securities without also referring to the fact that such a yield or profit does not guarantee similar returns in the future. In addition, if passed, the draft law will prohibit specifying the amount of future returns and making forecasts regarding increases in securities’ yields (except for fixed-income securities). It also excludes using advertising that draws comparisons to similar funds by pointing out their weaknesses, irrespective of whether or not this information actually correlates to the facts.

Equity market. On Tuesday, the indices of most of the world’s largest stock exchanges were in the green zone. In its turn, the Ukrainska SE index advanced by 0.12% yesterday. Since the opening of trading through until the afternoon, the index demonstrated a steady bearish trend. However, after lunchtime, the market started to gradually recover. Investors may have been inspired by information that the European Parliament has approved the EU’s allocation of Ђ500 mln as a loan to Ukraine, as well as the fact that the EBRD has improved its outlook on Ukraine.

Overall, trading on Tuesday resulted in the conclusion of 3,005 deals on Ukrainska SE for a total volume of 85.0 mln hryvnia. The leader on the order-driven market in terms of growth was Luganskteplovoz (LTPL; SELL), the shares of which surged by 7.6%. At the same time, the leader in terms of losses was Donbasenergo (DOEN; BUY), which saw its share price drop in value by 4.1%.