Daily Insight-Hryvnia steady, stocks mixed, state budget adopted

On Tuesday, the hryvnia held mostly steady on the Ukrainian FX market, with, according to UkrDealing, trading opening at 7.92-7.927/USD, the same rate as Monday\'s close, and closing at 7.922-7.927/USD, with the strongest point of the day at 7.89-7.925. The NBU again bought dollars at a rate of 7.925/USD and marginally lowered its official exchange rate, to 7.9261/USD for Tuesday. The hryvnia depreciated slightly on the cash FX market, trading at 7.9016/USD for bid offers at the domestic interchange stations, and 7.9402/USD on ask offers. Ukraine\'s stock markets moved in opposite directions on Monday, with the PFTS index moving up 0.36%, to end the day at 1 030.28 points, and the UX stock exchange down 0.30%, to 2,591.65 points. Total turnover on the PFTS was up from Monday\'s extreme low, but still below normal trading volume, at US$8.2m (UAH64.8m), with the share of equity trading still relatively high, at 25.11% of the total, state bonds at 73.12%, and corporate bonds at 1.7% and municipal bonds (0.07%). The total amount of securities traded on the UX stock exchange was down from Monday\'s level, at US$10m (UAH79m).