http://www.phoenix-capital.uaPhoenix Capital NewsCopyright 2010 Phoenix Capitalenelias404@gmail.comelias404@gmail.comUkrainian equity markets closed with minimal gains on Thursday, Dec. 1. The UX index inched up 0.6% as the exchange reported $5.9 mln in total equity trading volume. Shares of telecommunications giant Ukrtelecom (UTLM) led Index gains with a 2.1% advance. Power generator Centerenergo (CEEN +1.6%) advanced, adding 4.7% in value in two straight winning sessions. Bank holdings (USCB +1.5%, BAVL +0.1%) also ended on a positive note.

]]>Phoenix CapitalEvent: European Parliament voiced support for early initialization of the Association Agreement with Ukraine preferably by the end of this year, according to the resolution adopted on Dec.1. Parliament also expressed that the Agreement be signed by the European Council in 1H12, and ratified by European and national parliaments by the end of 2012.

]]>Phoenix CapitalUkrainian equity markets kept up the positive trend on Wednesday, Nov. 29. The Ukrainian Exchange (UX) Index surged 2.4% as the exchange reported $4.9 mln in total equity trading volume. Banks stole the spotlight with Raiffeisen Bank Aval (BAVL) jumping an unprecedented 8.2% and Ukrsotsbank (USCB +4.7%) following with a solid advance. Metals and mining names (ALMK +5.1%, AVDK +2.7%, ENMZ +2.4%, AZST +1.8%) were among other top gainers.

]]>Phoenix CapitalEvent: Ukraine’s current account deficit widened to $1.5 bln in October compared to $1.0 bln in September, reported the National Bank of Ukraine on Nov.30. Cumulative CA shortage expanded to $7.0 bln in 10M11 or 5x higher Y-o-Y. Expansion in machinery imports was the major driver for widening the CA gap in October.

]]>Phoenix CapitalUkrainian equity markets took a tumble on Tuesday Nov. 29. The UX Index lost 1.1% as the exchange reported $3.5 mln in total equity trading volume. Whopping losses by Enakievo Steel stock (ENMZ -4.1%) and Stakhanovskiy Railcar Building Plant (SVGZ -2.4%) were primarily responsible for the Index’s fall. Banking shares (USCB -1.4%, BAVL -1.0%) and metals and mining names (ALMK -1.6%, AZST -1.3%, AVDK -0.7%) were among the less dramatic losers.

]]>Phoenix CapitalEvent: The Ukrainian government downgraded its GDP growth forecast for 2012 to 4% Y-o-Y from 5.5% Y-o-Y, reported Prime Minister, Mykola Azarov. Deteriorating global financial conditions were the major grounds for revision of the forecast. Impact: The news is negative for Ukraine’s economy.

]]>Phoenix CapitalAll Ukrainian equities posted a rebound on Monday’s session, Nov. 28. The Ukrainian Exchange (UX) Index surged 2.8% as the exchange reported $4.6 mln in total equity trading volume. Enakievo Steel (ENMZ +7.8%) was the most prominent gainer in the Index after losing 7.2% in value in the previous trading session. Bank holdings (BAVL +4.7%; USCB +4.7%) also ascented adding momentum to the exchange’s uplift. Metals and mining names (AZST +4.0%, ALMK +3.7%, AVDK +0.6%) put in an impressive performance as well.

]]>Phoenix CapitalEvent: Mriya (MAYA GR) plans to increase existing storage capacities by 58% in the following two-three years, to 650 kt, Interfax reported on Nov. 28, citing the company’s COO, Vladyslav Lugovskiy. Additionally, the company will expand its potato storage by 36% to 76 kt. The company will invest in the greenfield construction of two grain silos with a capacity of 100 kt each and the modernization of silos already in existence. Estimated construction costs will total $180-$250 per tonne.

]]>Phoenix CapitalUkrainian equity markets took a tumble on Friday, Nov. 25. The UX Index lost 0.5% as the exchange reported $4.8 mln in total equity trading volume. Enakievo Steel’s stock (ENMZ -7.2%) took a deep dive weighing heavily on the Index.

]]>Phoenix CapitalEvent: Ukraine’s government extended a tenor of $2 bln loan from Russian VTB, stated prime-minister Mykola Azarov on Nov.25. Issued as a short-term credit facility subject to half a year extension, the loan will be transformed into long-term financing, according to the government. However, a new loan maturity date was not specified. Azarov mentioned that the government did not seek to increase the size of the loan. Impact: The news is positive for Ukraine’s economy.

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