Daily Insight-Hryvnia, markets soar, new government to boost economy through capital investments

On Tuesday, the hryvnia showed some appreciation on the Ukrainian FX market, with, according to UkrDealing, trading opening at 7.93-7.953/USD, the same rate as the previous day\'s close, and closing higher, at 7.93-7.945/USD, without any major fluctuation, and the strongest point reached during the day at 7.9053-7.9275/USD. The NBU further appreciated its official exchange rate, to 7.9544/USD on Tuesday, and bought dollars on the FX market at a lower rate of 7.9376/USD, a further 0.28% lower than on the previous day. The hryvnia appreciated further on the cash FX market, to 7.9322/USD for bid offers at the domestic interchange stations, and 7.9830/USD on ask offers. Ukraine\'s stock markets jumped on Monday, with the PFTS index up by 5.41%, to end the day at 927.52 points, and the UX stock exchange up by 5.72%, to 2,376.39 points, with both indices up over 60% YTD. Total turnover on the PFTS was up nearly 1.3x the previous session, at US$38.08m (UAH302.9m), which comprised equity trading (6.93% of the total), state bonds (92.67%), and corporate bonds (0.4%). The total amount of securities traded on the UX stock exchange was up 1.3x versus Monday, at US$13.03m (UAH103.65m).