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Tuesday, December 28, 2010

Daily Market Brief

Market Comment

Ukrainian equity markets traded in the red for most of Monday (Dec. 27). However, the UX exchange jumped into positive territory near the close and managed to gain 0.29%. Activity eased with total trading volume coming in at UAH 179 mln. Yasynivka Coke (YASK) shot up 8.33% on the back of news concerning the commissioning of a new battery. Banks were also among the leaders: Raiffeisen Bank Aval (BAVL) soared 4.32% and Ukrsotsbank (USCB) advanced a solid 2.33%. The only other gainers were Azovstal (AZST +0.11%) and Zakhidenergo (ZAEN +0.32%). Investors fixed profits on Alchevsk Steel (ALMK -0.27%) and Enakievo Steel (ENMZ -0.84%). The rest of the board suffered insignificant losses under one percent.

Macro: NBU targets 8.9% CPI inflation in 2011
Metals and Mining: North Ore Mining and Processing Plant to build up output in 2011

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