UFC Capital Released Weekly Market View
OREANDA-NEWS. July 4, 2011. Derzhstat reviewed GDP growth of
NBU has revised it’s forecast. National Bank of Ukraine (NBU) has downgraded its inflation forecast for 2012 from 7% ± 1% to 8% ± 1%, while the outlook for 2011 remains unchanged 10% ± 1%. NBU also revised the GDP growth forecast for 2011 from 4.5% ± 0.5% to 5.0% ± 0.5%. In 2012, the NBU expects a slowdown in GDP growth from 4.5% ± 0.5%. to 4.0% ± 0.5%.
MICEX and RTS formalized relationship. Shareholders of the MICEX and RTS have signed a framework agreement to merge the businesses of the two exchanges. The deal of merger of exchanges is scheduled to close in late 2011 - early 2012 it is anticipated that in the first half of 2013 will be held IPO of the newly formed structure. In addition, the combined exchange may use about 5% of the shares for option program in order to encourage management.
UX extends the list of instruments on the derivatives market. On July 7, 2011, the Ukrainian Exchange (UX) will issue options on futures with the date of execution once a month ("short" options). The main difference between the monthly option and quarterly is that is have less time value and, consequently, a smaller amount of the premium, which makes them more interesting for active players. The emergence of new options would help improve liquidity in the futures market.
Equity market. Despite the large number of public holidays in
Shares of Motor Sich (MSICH; BUY) which already hold more than a month for a leadership in terms of trading volume, increased in three days at 4.45%, while with the issuer entered into1681 transactions totaling UAH69.9 mln (USD 8.8 mln). After a long decline, the stock of Stirol (STIR; BUY) managed to win back some fall, gaining 7.12% for the week. The top gainers were again second-tier stocks: Zaporizhia Ferroalloys (ZFER), Krymenergo (KREN) and Komsomolets Donbasa Coalmine (SHKD) which quotes have increased by 100%, 27.74% and 13.04% respectively.
Significantly worse than the market looked shares of Kyivenergo (KIEN), Mariupol Heavy Machine Engineering (MZVM; WITHDRAWN) and Dniproenergo (DNEN) lost in the price of 34.6%, 17.7% and 12.7% respectively.
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