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

SSMSC to improve stock market’s attractiveness. Dmitriy Tevelev, the Chairman of the Securities and Stock Market State Commission, has announced that the Commission plans to establish an investment guarantee fund. He noted that the Commission is already developing and will soon present the draft law on the establishment of the aforementioned fund. This fund should provide for the repayment of investments in cases of abuse, as well as unprofessional acts undertaken by the various professional market participants.

Equity market. On June 14, the Ukrainska SE index grew by 3.95% to 2,007.12 points. For the first time since May 18, 2010, the indicator on its close overtopped the psychological threshold of 2 000 points. The trades volume on the spot market of the trading floor that day amounted to 60.7 mln hryvnia, and on the derivatives market – 4.9 mln hryvnia.

On the order-driven market of the Ukrainska SE, the growth leaders were Motor Sich (MSICH; BUY) and Mostobud (MTBD; BUY), each of which surged by 7.5%. Meanwhile, the leader in terms of decline was Luganskteplovoz (LTPL; SELL), the quotations for which shed 3.2%. It is worth noting that the privatization tender for the sale of the 76% stake in Luganskteplovoz will be held on June 15, 2010.

The insignificant trade volumes do not permit speaking about any serious bullish trend on the market. It is most likely that, during the summer, a significant part of deals on the Ukrainian stock market will be transacted by private investors via internet trading. At the same time, large institutional investors will likely demonstrate low activity, which is typically the case during the summer.