Daily Market Brief

Market Comment

Ukrainian equity markets closed in the red on Tuesday (Oct 26). The UX exchange ended 0.14% lower in volatile trading. Activity declined – total volume came to UAH 78 mln. Ukrstosbank (USCB) and Zakhidenergo (ZAEN) were among the biggest laggards losing 1.23% and 1.09% respectively. Metals and mining stocks showed mixed dynamics: ALMK -0.35%, AVDK +0.31%, AZST +0.37%, ENMZ -0.26%, YASK -0.78%. As for other blue chips, Reiffeisen Bank Aval (BAVL -0.05%), Centrenergo (CEEN -0.06%) and Ukrtelecom (URLM -0.15%) lost a minor fraction, while Motor Sich (MSICH +0.53%) and Ukrnafta (UNAF +0.16%) added ground.

Ukrainian stocks listed on international markets closed mixed. Regal Petroleum (RPT LN -6.94%) reversed to losses, other oil and gas names also declined: CAD LN -1.16%, JKX LN -0.5%. Food processing stocks (MHPC LI +1.13%, AST PW +0.47%, KER PW +0.32%) enjoyed investors demand.


Macro: The NBU estimates economic growth at 5% Y-o-Y over 9M10
Macro: Current account deficit decreases to $259 mln
Agriculture: Ukrainian grain trader Nibulon suspends procurement of grain

Daily Market Brief

Market Comment

Ukrainian equity markets closed firmer on Monday (Oct. 25) boosted by positive sentiment from the global markets and generally positive financial results in Ukrainian corporate sector. The UX exchange added 1.20% on a solid trading volume of UAH 91.5 mln. Centrenergo (CEEN +3.09%) and Ukrnafta (UNAF +2.69%) outperformed the market and took their place among the top advancers. Coke producers (AVDK +1.15%, YASK +1.66%) also made noteworthy moves. Steel names (ALMK +0.84%, AZST +0.66%, ENMZ +0.47%) posted slim gains along with Reiffeisen Bank Aval (BAVL +0.68%), Motor Sich (MSICH +0.64%) and Ukrtelecom (UTLM +0.04%). Ukrsotsbank (USCB) and Zakhidenergo (ZAEN) bucked the general trend to lose 0.84% and 0.35% respectively.

Most Ukrainian stocks traded on international markets strengthened. Regal Petroleum (RPT LN) took the limelight jumping 16%. Other oil and gas names showed mixed dynamics: JKX Oil & Gas added 0.77%, Cadogan Petroleum (CAD LN) closed flat. MHP (MHPC LI -0.99%) and Ferrexpo (FXPO LN -0.09%) finished little changed. Food processing stocks listed on the Warsaw Stock Exchange advanced: AST PW +2.49%, KER PW +0.98%.

Monday trading was calm. Good demand was observed for sovereigns. Ukraine’20 added half a point. Corporates remained flat. The newly issued Avangard bond lost 1.5 point in price during the trading session.

Fixed Income: Avangardco raises $200 mln in Eurobond offering
Oil & Gas: Ukrnafta reports stronger financials
Banks: VAB Bank records net loss of UAH 93.7 mln in Q3
Banks: Alfa Bank Ukraine shows marginal net profit in Q3
Agriculture: MHP has acquired 100% shares in Ridny Kray, LLC

Daily Market Brief

Market Comment

Trading on Ukrainian equity markets was choppy ahead of the G20 meeting. The UX exchange lost 0.76% on a moderate trading volume of UAH 78 mln. Metals and mining stocks showed the weakest performance: ALMK -2.54%, AVDK -0.89%, AZST -2.10%, ENMZ -1.68%, YASK -2.31%. Investors took a loss on recent gains in banking shares (BAVL -0.87%, USCB -1.67%). Other blue chips were also dragged lower: MSICH -0.33%, UTLM -1.32%. ZAEN -0.59%. Only Centrenergo (CEEN +0.03%) and Ukrnafta (UNAF +0.19%) managed to creep into positive territory.

Ukrainian stocks listed on international markets moved in the opposite direction. Among oils and gas shares, Regal Petroleum (RPT LN) recovered a further 5.09%, Cadogan Petroleum (CAD LN) gained a solid 1.18%, JKX Oil & Gas (JKX LN) slipped 1.03%. Other London-listed stocks eked out small gains: FXPO LN +0.03%, MHPC LI +0.13%. In Warsaw, Astarta (AST PW) inched up 0.14% and Kernel (KER PW) declined 1.37%.


Macro: Foreign direct investments rise 8% over 9M10
Metals and Mining: MMKI to cut purchases of coke at YASK twice in October