Daily Market Brief

Market Comment

Ukrainian equity markets got off to a weak start Monday (Oct. 4). Investors sold stocks actively on the UX exchange (-3.61%) pushing the index down. Trading volume came in higher than average at UAH 103 mln. Motor Sich (MSICH) and Ukrsotsbank hit record lows, dropping 6.09% and 5.52% respectively. Metals and Mining stocks also added to losses: ALMK -3.69%, AVDK -3.92%, AZST -3.51%, ENMZ -1.55%, YASK -1.24%. GenCos (CEEN -4.03%, ZAEN -1.11%) followed the broadly weaker trend, as did other top-tier names (BAVL -3.21%, UNAF -3.18%, UTLM -2.57%).

Among Ukrainian stocks listed on international exchanges, oil and gas stocks showed mixed dynamics: CAD LN -2.53%, JKX LN +0.16%, RPT LN unch. Food processing stocks (AST PW -0.13%, KER PW -0.3%, NHPC LI -1.64%) tallied mild losses, while Ferrexpo (FXPO LN +0.93%) inched up.

It was a sluggish day on the Ukrainian Eurobond market. Sovereigns traded slightly lower. Municipals have completely vanished from investors’ radars in recent sessions. Corporates remained flat, and banking issues such as ALFAUA, PRBANK and FIUKR were in very good demand.


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Daily Market Brief

Market Comment

Ukrainian equity markets went against the global trend Friday (Oct 1) to finish in the red. The UX exchange opened strong, but reversed soon after the opening bell to close 0.57% lower. Trading volume was moderate at UAH 66 mln. Metals and mining stocks led the broad market decline: ALMK -1.87%, AVDK -0.51%, AZST -1.85%, ENMZ -1.06%, YASK -0.82%. Banking names kept the pace with Raiffeisen Bank Aval (BAVL) losing 0.41% and Ukrsotsbank (USCB) declining 1.13%. GenCos (CEEN -1.75%, ZAEN +0.47%) showed mixed dynamics, while Motor Sich (MSICH -0.29%) and Ukrnafta (UANF -0.06) lost a fraction.

Among Ukrainian stocks listed on international markets, investors continued to dump Regal Petroleum (RPT LN -9.46%), Cadogan Petroleum (CAD LN -1.25%) came under selling pressure, and JKX Oil & Gas (JKX LN +0.25%) eked out gains. Ferrexpo climbed 1.62%. Food processing stocks also posted gains: MHPC LI +0.66%, KER PW +1.52%.

Emerging market Eurobonds added in price Friday, and Ukrainian issues were no exception. Corporates and banking names were in demand. ALFAUA and FIUKR added one-quarter and one point respectively. Sovereigns remained predominantly flat with long duration issues slightly up.


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Daily Market Brief

Market Comment

A bearish mood prevailed on Ukrainian equity markets Thursday (Sep. 30). The UX exchange fell 0.68% led by a decline in shares of metals and mining (ALMK -1.17%, AVDK -1.17%, AZST -0.37%, ENMZ -0.87%, YASK -1.35%) and banks (BAVL -1.40%, USCB -2.75%). Total trading volume was high for a second straight session, reaching UAH 94 mln. GenCos closed mixed with Centerenergo (CEEN) losing 1.15% and Zakhidenergo (ZAEN) jumping 1.67%. Among other top-tier names, Motor Sich (MSICH) dropped 0.69%, Ukrtelecom (UTLM) slid 1.89% and Ukrnafta managed to add 0.02%.

The big story among Ukrainian names listed on international markets was Regal Petroleum (RPT LN). The stock plunged 27.34% on news that the Ukrainian government has suspended the company’s operations. It was business as usual for other oil and gas companies; JKX Oil & Gas (JKX LN) dropped 0.34% and Cadogan Petroleum (CAD LN) closed unchanged. Among other London-listed shares, Ferrexpo (FXPO LN) advanced 2.66% and MHP (MHPC LI) shed 0.66%. In Warsaw, Astarta (AST PW) declined 0.79% and Kernel (KER PW) finished flat.

All was quiet on the Ukrainian Eurobond market yesterday. Sovereigns traded flat for the bulk of the session, but lost slightly in price near the closing bell. Corporates remained at the same level, while banking names continued to show steady demand.


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