Daily Market Brief

Market Comment

Ukrainian equity markets traded in the red on Monday (Jan 31). The UX exchange lost 0.34% on a sizeable total trading volume of UAH 223 mln. A bulk of the losses were taken on by metals and mining stocks: AZST -2.38%, ENMZ -2.36%, AVDK -1.31%, YASK -1.25%, ALMK -0.33%. Centerenergo (CEEN -0.57%), Raiffeisen Bank Aval (BAVL -0.52%) and Ukrtelecom (UTLM -0.45%) clicked down a notch, while Motor Sich (MSICH -0.29%), Zakhidenergo (ZAEN -0.2%) and Ukrsotsbank (USCB -0.15%) hovered just below the flat line. Ukrnafta (UNAF) defied the general downward trend, standing firm with a 0.87% advance.

In London, Cadogan Petroleum (CAD LN +8.6%) soared, while JKX Oil & Gas (JKX LN +0.41%) added insignificantly. Ferrexpo (FXPO LN -3.34%) corrected, and MHP (MHPC LI -0.05%) closed with a meager loss. In Warsaw, agricultural companies kept up negative dynamics: Astarta (AST PW -3.55%) tumbled, while Agroton (AGT PW -1.45%) and Kernel (KER PW -0.19%) slid at a slower pace.


Fixed Income: Ukreximbank sells $300 mln in hryvnia Eurobonds
Metals and Mining: Metinvest not eager to buy out minority shares in subsidiaries
Banks: Aval records UAH 745,000 net profit in 2010
Banks: Ukrsotsbank reports a UAH 28.9 mln bottom line in 2010

Daily Market Brief

Market Comment

Ukrainian equity markets spent the trading session in the red on Friday (Jan. 28). The PFTS managed to eke out a gain, while the UX exchange lost 0.77% on a meager total trading volume of UAH 135 mln. Banking names led the slide on the UX with Raiffeisen Bank Aval (BAVL –2.47%) and Ukrsotsbank (USCB -2.46%) tumbling along matching dynamics. Metals and mining names (ALMK -3%, YASK -1.73%, ENMZ -1.57%, AZST -1.52%, AVDK -0.51%) took on a hefty portion of the day’s losses. Among blue chips, Zakhidenergo (ZAEN +1.1%) and Ukrnafta
(UNAF +0.9%) managed to close in positive territory.

In London, JKX Oil & Gas (JKX LN +0.04%) barely crossed the flat line and Cadogan Petroleum (CAD LN) closed flat. Ferrexpo (FXPO LN +2.94%) swelled, while MHP (MHPC LI -0.26%) shed. In Warsaw, agricultural and food processing stocks fell, with Agroton (AGT PW -2.21%) taking the biggest blow, and Kernel (KER PW -1.04%) and Astarta (AST PW -0.4%) posting more moderate losses.


Macro: Current account deficit widens to 1.9% of GDP in 2010
Fixed Income: PrivatBank reports 30.4% Y-o-Y increase in bottom line

Daily Market Brief

Market Comment

Ukrainian equity markets traded in negative territory for most of the session Monday (Jan. 24). However, the UX exchange (+0.02%) managed to creep above zero just before the close. Total trading volume reached UAH 150 mln. Blue chips closing in the black were far and few between: Stahanov Car Production Facility (SVGZ +11.56%) singlehandedly pulled the index into positive territory and received only minor support from Alchevsk Steel (ALMK +1.76%), Ukrnafta (UNAF +0.25%) and Ukrsotsbank (USCB +0.02%). Losses for other liquid stock came in at under one percent with the exception of Zakhidenergo (ZAEN -1.5%).

In London, oil and gas names closed in the red: CAD LN -1.18%, JKX LN -0.48%. MHP (MHPC LI -1.05%) lost just over a point, while Ferrexpo (FXPO LN +1.24%) ended the day on a rise. In Warsaw, investors fixed profits on Kernel (KER PW -3.25%), Astarta (AST PW -0.46%) shed, and Agroton (AGT PW +1.97%) made a significant advance.


Fixed Income: Ukraine to add $100 mln to one-year notes
Metals and Mining: Alchevsk Steel to raise total monthly output in January