News
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July 27, 2010
Market Comment
The Ukrainian equity market opened the week with growth. The UX exchange closed slightly higher yesterday (July 26), adding 0.67% on encouraging stats out of the US (new home sales proved better than expected). Total volume was moderate at UAH 53.6 mln. Stocks finished a volatile day with modest gains. News that Alchevsk Steel’s (ALMK -3.67%) assets had been distrained pushed the stock lower. Ukrnafta (UNAF) was the stock of the day, climbing 1.28%.
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July 27, 2010
Macro: Ukraine's balance of payments surplus reaches $2.8 bln
Event: Ukraine’s balance of payments (BoP) surplus reached $2.8 bln in June, the highest level since 2005, Interfax reported yesterday (26 July) with the reference to the National Bank of Ukraine (NBU). The current account added $195 mln, and direct foreign investments rose to $755 mln. The current account surplus for 1H2010 totaled $472 mln compared to a deficit of $835 mln in 1H2009.
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July 27, 2010
Coal: Donbasenergo purchases coal from private mines
Event: Six private coal companies won the tender to supply Donbasenergo with coal in 2H2010. The total cost of the 120 kt will be UAH 78.8 mln ($10 mln), including 20% VAT.
