OREANDA-NEWS. July 15, 2010. UFC Capital released daily market view:

NBU obliges banks to increase their regulative capital. The National Bank of Ukraine (NBU) has obliged Ukrainian banks to form the regulatory capital amounting to at least 120 mln hryvnia by January 1, 2012. The decision was enacted through the NBU decree no. 273. In addition, the central bank requires that banks have their regulatory capital in an amount not less than their registered capital. The decree also provides for tougher requirements with respect to the capital required for obtaining permits for various kinds of licensed activities.

Equity market. On July 13, the indices of both Europe’s largest stock exchanges and Russian trading floors rose. Investors’ optimism was not even defeated by the announcement that Moody’s is downgrading Portugal’s state bonds rates by two steps, from Аа2 to А1. The US Dow Jones opened above zero as well.

Against this positive background, the Ukrainska SE index grew by 0.96% to 1993.79 points, once again approaching the psychological threshold of 2000 points. The turnover on the exchange’s spot market amounted to 56.8 mln hryvnia, while it reached 14.4 million hryvnia on the derivatives market.

Active demand was observed for shares in Alchevsk Iron and Steel (ALMK; BUY), which added 1.0% by the end of the trading session. The growth leader was Galnaftogaz (GLNG), which closed up 13.3%. We recall that these securities were only introduced on the order-driven market this Monday. Already on Tuesday, 60 transactions for GLNG. Nonetheless, the trading volume for these shares on Tuesday was not significant, at just 384 thousand hryvnia.