OREANDA-NEWS. February 04, 2011. UFC Capital released daily market view:

Rada adopts President's amendments. The Verkhovna Rada of Ukraine has passed legislation on amendments to the Law of Ukraine on Joint Stock Companies after President proposed amending the original bill. In particular, parliament removed a section which required that public companies have their stock listed on Ukrainian stock exchanges, in addition to throwing out a clause which permitted majority shareholders with a stake of 95% or more to force a buyout of minority shareholders.

Equity market. Unlike exchanges from around the world, the Ukrainian Exchange Index continued to grow. The UX Index closed at 2774.60 points, up 0.65%. The total trading volume amounted to UAH 271.5 mln, including UAH 80.1 mln from the futures market.

The dynamics of the UX were once again strongly influenced by the movements of a single issuer; on February 3, this was Centrenergo (CEEN; HOLD). The company's stock gained 4.89%, with shares being traded for a total of UAH 54.3 mln in 1465 transactions. In our opinion, Centrenergo's growth potential has now been realized, and we recommend that investors begin selling shares should share price continue to rise. Motor Sich (MSICH; BUY) and Ukrnafta (UNAF; SELL) were also traded at significant volumes. The former's shares were traded for a total UAH 44.4 mln, with stock dropping 1.02% as a result. While the latter's shares were traded for UAH 43.4 mln, with share value decreasing 0.15%. Ukrtelecom (UTLM; UNDER REVIEW) and Donbasenergo (DOEN; BUY) carried momentum from previous days into Thursday, gaining 1.74% and 1.03% respectively.

On the other hand, Yasinovka Coke (YASK; HOLD) and Enakievo Steel (ENMZ; HOLD) stock decreased by 1.35% and 1.27% respectively.