Daily Market Brief

Market Comment

Volatile trading characterized Ukrainian equity markets Tuesday (Feb 8). The UX exchange surged at the opening bell, slid throughout the middle portion of the session, only to inch up near the close to finish with a meager gain of +0.07%. Trading volume remained high at UAH 248 mln. Ukrnafta (UNAF +2.81%) made a valiant upward pull on the index. Banking names (USCB +1.3%, BAVL +1.29%) showed a significant rise in price. Motor Sich (MSICH +0.75%) was another liquid stock that managed to close in positive territory. The most notable losses were taken on by Ukrtelecom (UTLM -2.94%) and Azovstal (AZST -2.65%). Investors fixed profits on coke producers: AVDK -1.62%, YASK -1.32%. Other blue chips closed with losses under one percent.

After the previous session’s uplift, results for Ukrainian companies listed on international markets came in generally weak. Having resumed trading in London, Regal Petroleum (RPT LN +0.68%) posted an insignificant advance, while JKX Oil & Gas (JKX LN -1.86%) faded, and Cadogan Petroleum (CAD LN -4.29%) corrected sharply. Ferrexpo (FXPO LN -1.32%) and MHP (MHPC LI -1.54%) also ended the day in the red. In Warsaw, Kernel (KER PW -1.28%) took a dip, Agroton (AGT PW -0.12%) shed a bit, but Astarta (AST PW +3.76%) displayed a striking charge.


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Daily Market Brief

Market Comment

Ukrainian equity markets started the week with an upwards surge Monday (Feb. 7), lifted by further global optimism towards economic growth and declining tensions in Egypt. The UX exchange added 0.84% on a modest equity trading volume of UAH 198 mln. Stirol (STIR +2.38%) leapt ahead of the market on the back of news concerning production capacity expansion. Another top gainer was Alchevsk Steel (ALMK +2.45%), while other steel producers advanced only moderately: ENMZ +1.14%, AZST +0.98%. Coke producers kept up a solid growth pace, with Yasynivka Coke (YASK) up 1.79% and Avdiivka (AVDK) gaining 1.4%. Ukrnafta (UNAF +1.2%) and banking names (USCB +1.07%, BAVL +0.91%) followed suit. Ukrtelecom (UTLM -0.25%) was the only blue chip to trade against the market. Other liquid stocks ended trading with insignificant gains under one percent.

Ukrainian companies listed on international markets showed overall positive dynamics yesterday. In London, Cadogan Petroleum (CAD LN +9.37%) soared once again, and JKX Oil & Gas (JKX LN +1.21%) rose steadily. Ferrexpo (FXPO LN +1.53%) tacked on a notable gain, while MHP (MHPC LI +0.26%) closed just in the black. In Warsaw, Kernel (KER PW +3.86%) surged, Astarta (AST PW +1.13%) stepped firmly into positive territory, and Agroton (AGT PW -0.56%) shed a bit.


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Daily Market Brief

Market Comment

Ukrainian equity markets ended the week in positive territory Friday (Feb. 4). Investor sentiment was supported by the general uplift on international markets, with better than expected earnings reports, expansion of manufacturing in China and positive employment data from the US. The UX exchange opened up and charted a sideways course throughout the session to close with a gain of 0.79%. Total trading volume came in higher than average at UAH 229 mln. The focus was on mining names (AVDK +4.51%, YASK +3.05%), which grew along with the world's largest mining companies that are in line to compensate for the hurricane hit mines in Australia. Banks took a significant step upwards (BAVL +1.77% USCB +1.58%). Metallurgy names also recorded solid gains: ALMK +1.47%, AZST +1.59%, ENMZ +1.32%. Another notable advance was made by Ukrtelecom (UTLM +1.1%), while Motor Sich (MSICH +0.04%) could not break any notable ground. Centerenergo (CEEN -0.32%) and Ukrnafta (UNAF -0.15%) were the only liquid stocks to close in the red.

In London, Cadogan Petroleum (CAD LN -2.29%) continued its correction, while JKX Oil & Gas (JKX LN +0.75%) eked out a gain. Ferrexpo (FXPO LN +0.62%) advanced slightly and MHP (MHPC LI -0.21%) closed in shallow negative territory. In Warsaw, agricultural companies demonstrated positive dynamics, with Astarta (AST PW +2.32%) ending the week on the highest note. Kernel (KER PW +0.85%) and Agroton (AGT PW +0.2%) inched up humbly.


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