Daily Market Brief

Market Comment

Ukrainian equity markets closed on the upswing on Tuesday (Nov.2). The UX exchange opened in the red, but edged higher on upbeat sentiments from global markets. Trading activity also rose – total trading volume reached almost UAH 144 mln. Motor Sich (MSICH) hit a new high jumping 4.04%. Other gainers included Avdiivka Coke (AVDK +0.09%), Ukrnafta (UNAF +0.23%) Ukrsotsbank (USCB +0.99%) and Zakhidenergo (ZAEN +0.35%). Metals and mining stocks were among the most prominent losers: ALMK -2.75%, AZST -0.50%, ENMZ -1.65%, YASK -1.57%. Reiffeisen Bank Aval (BAVL), Centrenergo (CEEN) and Ukrtelecom(UTLM) came under pressure, losing 0.07%, 0.56% and 1.04% respectively.

Ukrainian stocks listed on international markets showed mixed dynamics. Among oil and gas companies, Regal Petroleum (RPT LN) skidded 9.68%, JKX Oil & Gas (JKX LN) advanced 1.03%, Cadogan Petroleum (CAD LN) hugged to the flat line. Ferrexpo (FXPO LN) inched up 0.21% while food processing stocks slid: KER PW -0.64%, MHPC LI -0.64%.


Fixed Income: Fitch assigns a B- issuer default rating to Rise
Metals and Mining: FXPO and SGOK decrease production M-o-M in October
Agriculture: Mriya plans to increase its landbank to 650,000 ha by 2013

Daily Market Brief

Market Comment

It was a seesaw day on for Ukrainian equity markets Monday (Nov 1). The UX exchange closed 0.36% higher with gains in the banking sector (BAVL +1.48%, USCB +2.66%) offsetting losses for in metals and mining shares (ALMK -4.25%, AVDK -1.68%, AZST -1.31%, YASK -1.85%). Trading activity was moderate – total volume came in at UAH 94 mln. Motor Sich (MSICH) and Ukrnafta (UNAF +2.13%) outperformed the market, while Ukrtelecom (UTLM -0.97%) and GenCos (CEEN -1.33%, ZAEN -0.62%) turned lower.

Ukrainian stocks listed on international markets closed mixed. Ferrexpo (FXPO LN) rebounded after its recent loss to close 3.12% higher. Among oil and gas names, Regal Petroleum (RPT LN) slid 1.59%, JKX Oil & Gas (JKX LN) added 0.21%, and Cadogan Petroleum (CAD LN) closed flat. Food processing stocks extended losses: MHPC LI -1.27%, KER PW -1.19%.


Fixed Income: Fitch assigns a B- credit rating to Mriya
Fixed Income: Ukraine’s sovereign agency sells Eurobonds for $568 m
Metals and Mining: Ukraine’s coke output rises 6% in October
Metals and Mining: Khartsyzsk Tube plant decreases production by 23% M-o-M in October
Agriculture: Ukraine considers lifting export quotas for countries having free trade agreements with Ukraine

Daily Market Brief

Market Comment

Ukrainian equity markets swung between gains and losses Friday (Oct 29) . The UX exchange (+1.62) traded in the red, but reversed to gains closer to the end of the session. Trading volume was moderate and totaled UAH 90 mln. Motor Sich (MSICH) and Ukrnafta (UNAF) showed remarkable gains adding 4.02% and 3.85% respectively. Metals and mining stocks closed mixed: ALMK -0.8%, AVDK -1.83%, AZST +0.66%, ENMZ -0.03%, YASK unch. Banks (BAVL +0.78%, USCB +1.64%) and GenCos (CEEN +0.75%, ZAEN +0.56%) moved higher, Ukrtelecom (UTLM) advanced +0.94%.
Most stocks listed on international exchanges followed a negative trend with Ferrexpo (FXPO -2.23%) setting the pace. Oil and Gas names ranked losses with Regal (RPT LN) declining 1.56%, JKX Oil and Gas (JKX LN) dropping 0.39%. Food processing stocks also lost ground: KER PW -1.19%, MHP LI -0.06%.


Macro: Budget deficit reaches UAH52.8 bln
Fixed Income: Nadra Bank needs UAH8.3 bln in new capital
Metals and Mining: Ukraine’s steelmakers fail to meet output target for October
Agriculture: Ivano-Frankivsk Region to almost triple the sown area under sugar beet