Daily Market Brief

Market Comment

Ukrainian equity markets closed on an upswing Thursday (Dec 9). The UX exchange gained a solid 1.52% on a moderate total trading volume of UAH 161 mln. Motor Sich (MSICH) was definitely the center of attention – the stock soared 8.55%. Other top names to post notable gains included Yasynivka Coke (YASK+1.89%) and Alchevsk Steel (ALMK+1.37%). Remaining metals and mining stocks showed mixed dynamics with insignificant results. Ukrnafta (UNAF -0.16%) and Ukrtelecom (UTLM -0.29%) slid, banks (BAVL -0.37%, USCB -0.3%) dipped slightly, and GenCos (ZAEN, CEEN) closed flat.

Ukrainian companies on international markets showed widely mixed results. In London, Regal Petroleum (RPT LN +21.31%) made a steep recovery. Other oil and gas companies tacked on moderate losses: JKX LN -0.62%, CAD LN -1.16%. Ferrexpo (FXPO LN) kept its correction going with a 2.73% slide. MHP (MHPC LI) added to the previous session’s sharp decline with a 1.41% loss, as the company completed its GDR offering. In Warsaw, Astarta (AST PW) advanced 0.75%, Agroton (AGT PW) inched up 0.1%, and investors fixed profits on Kernel (KER PW -6.47%).


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Daily Market Brief

Market Comment

Ukrainian equity markets opened higher yesterday (Dec. 7) on the back of upbeat sentiment on European markets. The UX exchange surged in the first half of the day, but corrected slightly in the afternoon to close with a 0.66% rise. Total trading volume reached UAH 172 mln. The main contributor to index growth was Ukrtelecom (UTLM +2.92%) once again. Stock prices also hiked for Yasynivka Coke (YASK +2.79%) and Enakievo Steel (ENMZ +2.39%), while other metals and mining companies posted more modest gains: ALMK +0.53%, AVDK +0.07%, AZST +0.32%. Other top companies to put on notable growth included Ukrsotsbank (USCB), which added a solid 1.42%, and Ukrnafta (UNAF), which inched up 0.6%. The only blue chips to trade against the market trend were Raiffeisen Bank Aval (BAVL -0.2%) and Zakhidenergo (ZAEN -0.42%).

Ukrainian companies listed on international markets showed mixed dynamics yesterday. In London, Regal Petroleum (RPT LN -3.23%) and Cadogan Petroleum (CAD LN -1.11%) slid, while JKX Oil & Gas (JKX LN +0.38%) crept up. Ferrexpo (FXPO LN) added a solid 1.36% and MHP (MHPC LI) shot up 3.54%. In Warsaw, listed Ukrainian stocks reported losses across the board: AST PW -0.71%, AGT PW -1.56%, KER PW -1.79%.


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Daily Market Brief

Market Comment

Ukrainian equity markets edged lower yesterday (Dec. 6) as global markets faced uncertainty. Following a first half slide, the UX exchange (-0.01%) made an about face and nearly crept back into positive territory. Total trading volume came in at a moderate UAH 120 mln. Index losses were meager thanks in part to significant gains in Ukrtelecom (UTLM +2.50%), Stirol (STIR +2.07) and Zakhidenergo (ZAEN +1.9%). Ilyich Iron and Steel Works (MMKI +1.61%) and Alchevsk Steel (ALMK+0.06%) managed to close in the black. Other metals and mining names corrected: AZST -1.66%, YASK -1.32%, ENMZ -1.13%, AVDK -0.16%. The remainder of blue chips took on slight losses of under one percent.

Ukrainian companies listed on international markets posted mixed results. JKX Oil & Gas (JKX LN +0.98%), Cadogan Petroleum (CAD LN +5.88%) and Regal Petroleum (RPT LN +1.64%) reversed to gains. Ferrexpo (FXPO LN -0.64%) and MHP (MHPC LI -0.16%) failed to breakeven. In Warsaw, Agroton (AGT PW +0.31%) kept climbing, Kernel (KER PW +1.52%) made a solid advance, and Astarta (AST PW) closed flat.

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