The PFTS closed at 307 points yesterday, down 0.28% on a relatively healthy volume of 52 mln UAH. As expected during this time of the month real trading volumes was weak and accounted for about 20% of the entire turnover. Stocks in Asia and Europe today declined for the fifth straight day, on increasing concerns that deepening recession in both UK and Japan will reduce profitability’s of the company’s. We don’t expect much activity today on the PFTS, in our opinion it will remain flat today.
Current events
26.12.2008
PGOK included into the PFTS index
According to the PFTS website, on December 24, the bourse’s index committee decided to include shares of Poltava Iron Ore (PGOK) into the PFTS index.
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26.12.2008
Parliament fails to approve 2009 budget
Yesterday, Verkhovna Rada of Ukraine failed to approve the state budget for 2009. Deputies lacked three votes (226 required, 223 voted for) to approve the budget.
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26.12.2008
Nominal wages down 4.9% mom, real down 6.2% mom in November
According to the State Statistics Committee, in November average monthly wages in Ukraine amounted to UAH 1,823, down 4.9% from October. Real wages tumbled 6.2% mom in November.
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26.12.2008
Ukrnafta completes annual gas extraction plan two weeks in advance
Ukrnafta (UNAF) announced in its press-release that it accomplished its annual natural gas extraction plan of 3,043 mln mcm by December 18, 2008.
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25.12.2008
National Bank increases reserve requirements for currency deposits
The National Bank of Ukraine increased reserve requirements for foreign currency deposits with its regulation #442, effective January 5, 2009.
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25.12.2008
Bohdan to cut 20% of employees in the beginning of 2009
According to Interfax, Bohdan Automobile Plant (LUAZ) considers cutting 20% of workforce (2,000 people) in the beginning of 2009.
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25.12.2008
S&P downgrades Interpipe from CC to SD
Standard & Poor’s downgraded Interpipe long-term credit rating from CC to SD.
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24.12.2008
Parliament prolongs moratorium on agricultural land trade until 2010
Yesterday, Verkhovna Rada of Ukraine voted for the law #3353 “On amending some laws regarding dampening of the negative impact of the global financial turmoil on the development of the agricultural sector”, which contains a term on prolongation of the moratorium on agricultural land trade until January 1, 2010.
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24.12.2008
Verkhovna Rada hikes import duties by 13 p.p.
Yesterday, Verkhovna Rada of Ukraine increased import duties by 13 p.p. for all items but critical imports; the list of critical imports is to be approved until the yearend.
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24.12.2008
Kyivenergo wants Kyiv city to compensate UAH 0.98 bln
Yesterday Kyivenergo (KIEN) filed financial claim worth UAH 0.98 bln (about USD 125 mln) to Kyiv city. The amount is the difference between heat tariffs and Kyivenergo’s costs of heat production since 2000.
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The PFTS closed at 307 points yesterday, down 0.28% on a relatively healthy volume of 52 mln UAH. As expected during this time of the month real trading volumes was weak and accounted for about 20% of the entire turnover. Stocks in Asia and Europe today declined for the fifth straight day, on increasing concerns that deepening recession in both UK and Japan will reduce profitability’s of the company’s. We don’t expect much activity today on the PFTS, in our opinion it will remain flat today.
