OREANDA-NEWS. December 22, 2010. UFC Capital released daily market view:

NBU requires conversion of foreign income to hryvnia once again. According to Interfax-Ukraine, the National Bank of Ukraine (NBU) has rescinded its regulation which canceled the obligatory exchange of income in foreign currency. This NBU resolution was registered in the Ministry of justice of Ukraine on December 13 and comes into effect 10 days after registration.   

Equity market.  On December 21, the Ukrainian Exchange Index showed high volatility. Overall, the indicator grew 0.28% to 2306.14 points. The trading volume for the day amounted to 245.6 mln hryvnia, including 24.8 mln hryvnia from the futures market.

The trading leaders for the day were Ukrnafta (UNAF; HOLD), Motor Sich (MSICH; BUY) and Ukrtelecom (UTLM; UNDER REVIEW), whose shares were traded in the amount  of 67.4 mln hryvnia, 37.1 mln hryvnia and 35.5 mln hryvnia respectively.

Ukrtelecom (UTLM; UNDER REVIEW) saw its biggest drop in share price since May 2010 at 10.36%. News of the delay in the privatization process was the catalyst for an aggressive shares sell-off of the company’s shares.

On the other hand, shares of Luganskteplovoz (LTPL; UNDER REVIEW), Dniproenergo (DNEN; SELL), and Komsomolets Donbasa Coalmine (SHKD; HOLD), grew by 4.07%, 4.02% and 4.02% respectively.