News
-
July 08, 2010
Market Comment
Ukrainian equity markets fell Wednesday (July 7) despite Fitch’s recent upgrade of the country’s sovereign rating. The UX index pared early losses, but closed 0.85% lower. Almost all stocks in the index basket reversed gains with steel stocks (ALMK -1.71%, AZST -1.37%, ENMZ -2.32%) among the biggest losers.
-
July 08, 2010
Macro: National Bank of Ukraine slashes discount rate down
Event: The National Bank of Ukraine has cut the discount rate to 8.5% from 9.5%, an undisclosed member of the NBU’s Board stated yesterday (July 7). However, an official announcement is yet to be made. Monthly deflation in June was the main reason for revising the discount rate.
-
July 08, 2010
Agriculture: Astarta opens first stage of a new milk farm
Event: Astarta reported the opening of the first stage of a new milk farm in Poltava region. The first stage has a capacity of 500 cows and the second stage, with the same capacity, will open in 2011. The company spent UAH 21 mln ($2.7 mln) on the project.
-
July 08, 2010
Food processing: Slavutich to buy back 6.5% of its shares
Event: According to Interfax news agency, Slavutich brewery announced a tender offer to buy back 6.5% of its shares. The company plans to complete the tender by July 26 and set the price at UAH 2.1 per share.
