Daily Market Brief

Market Comment

Ukrainian equity markets continued their losing streak Tuesday (Oct. 5). The UX exchange opened with yet another dramatic slide, but recovered in the afternoon to close only 0.69% lower. Trading volume was extremely high, reaching nearly UAH 191 mln. Most blue chips came under pressure, with Avdiivka (AVDK +1.90%), UkrSibbank (USCB +0.95%) and Zakhidenergo (ZAEN +0.02%) managing to buck the broad market trend. Investors hammered metals and mining stocks: ALMK -0.59%, AZST -0.86%, ENMZ -1.75%, YASK -2.09%. Raiffeisen Bank Aval (BAVL -0.47%), Centerenergo (CEEN -0.21%), Ukrnafta (UNAF -0.15%) and Ukrtelecom (UTLM -0.98%) surged late but could not manage to find positive territory.

Ukrainian stocks listed on international markets traded predominantly in the red. Regal Petroleum was the notable exception; the stock recovered 10.45% from last week’s sell-off. Other oil and gas names closed significantly lower with Cadogan (CAD LN) losing 1.3%, JKX Oil & Gas (JKX LN) declining 2.54%. Food processing stocks posted moderate losses: AST PW -0.4%, KER PW -0.37%, MHPC LI -0.67%.

Trading was moderate on the Ukrainian Eurobond market yesterday. Corporates remained flat and banking names traded slightly up. Sovereigns were in good demand due to generally positive sentiment on the bond market. As a result, long-end issues closed a quarter of a point higher.


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Daily Market Brief

Market Comment

Ukrainian equity markets got off to a weak start Monday (Oct. 4). Investors sold stocks actively on the UX exchange (-3.61%) pushing the index down. Trading volume came in higher than average at UAH 103 mln. Motor Sich (MSICH) and Ukrsotsbank hit record lows, dropping 6.09% and 5.52% respectively. Metals and Mining stocks also added to losses: ALMK -3.69%, AVDK -3.92%, AZST -3.51%, ENMZ -1.55%, YASK -1.24%. GenCos (CEEN -4.03%, ZAEN -1.11%) followed the broadly weaker trend, as did other top-tier names (BAVL -3.21%, UNAF -3.18%, UTLM -2.57%).

Among Ukrainian stocks listed on international exchanges, oil and gas stocks showed mixed dynamics: CAD LN -2.53%, JKX LN +0.16%, RPT LN unch. Food processing stocks (AST PW -0.13%, KER PW -0.3%, NHPC LI -1.64%) tallied mild losses, while Ferrexpo (FXPO LN +0.93%) inched up.

It was a sluggish day on the Ukrainian Eurobond market. Sovereigns traded slightly lower. Municipals have completely vanished from investors’ radars in recent sessions. Corporates remained flat, and banking issues such as ALFAUA, PRBANK and FIUKR were in very good demand.


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Daily Market Brief

Market Comment

Ukrainian equity markets went against the global trend Friday (Oct 1) to finish in the red. The UX exchange opened strong, but reversed soon after the opening bell to close 0.57% lower. Trading volume was moderate at UAH 66 mln. Metals and mining stocks led the broad market decline: ALMK -1.87%, AVDK -0.51%, AZST -1.85%, ENMZ -1.06%, YASK -0.82%. Banking names kept the pace with Raiffeisen Bank Aval (BAVL) losing 0.41% and Ukrsotsbank (USCB) declining 1.13%. GenCos (CEEN -1.75%, ZAEN +0.47%) showed mixed dynamics, while Motor Sich (MSICH -0.29%) and Ukrnafta (UANF -0.06) lost a fraction.

Among Ukrainian stocks listed on international markets, investors continued to dump Regal Petroleum (RPT LN -9.46%), Cadogan Petroleum (CAD LN -1.25%) came under selling pressure, and JKX Oil & Gas (JKX LN +0.25%) eked out gains. Ferrexpo climbed 1.62%. Food processing stocks also posted gains: MHPC LI +0.66%, KER PW +1.52%.

Emerging market Eurobonds added in price Friday, and Ukrainian issues were no exception. Corporates and banking names were in demand. ALFAUA and FIUKR added one-quarter and one point respectively. Sovereigns remained predominantly flat with long duration issues slightly up.


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