Daily Market Brief

Market Comment

Ukrainian equity markets moved higher on Wednesday (Oct 20) rebounding after the steep losses of previous sessions. The UX exchange advanced 1.48% led by gains in banking (BAVL +3.78%, USCB +1.84%) and energy stocks (CEEN +2.57%, ZAEN +2.46%). Trading volume was relatively high at UAH 109 mln. Metals and mining companies also fueled the broader market: AVDK +0.97%, AZST +0.95%, ENMZ +1.12%, YASK +0.37%. Motor Sich (MSICH +1.59%) and Ukrnafta (UNAF +0.89%) moved along with the broader market, while Alchevsk Steel (ALMK -0.28%) and Ukrtelecom(UTLM -0.23%) were among few stocks that closed in the red.

Ukrainian stocks listed on international markets showed mixed dynamics. Regal Petroleum (RPT LN) came into the spotlight gaining 11.54% as investors brushed off some of the previous day's gloominess. As for other oil and gas companies, Cadogan Petroleum (CAD LN) slipped 3.45%, while JKX Oil & Gas climbed 0.7%. Ferrexpo (FXPO LN +0.15%) and MHP (MHPC LI -0.39%) closed little changed. In Warsaw Astarta (AST PW +1.05%) extended gains while Kernel (KER PW -2.96%) came under selling pressure.

In the first half of the trading session Ukrainian bonds continued their decline. Sovereigns moved down slightly. Corporates were not in good demand. But by the end of the day sovereigns managed to increase in price on line with positive market sentiment and buyers for corporate appeared on the market.


Oil & Gas: Ukrnafta November oil supplies priced at $63/bbl
Oil & Gas: Ukrnafta to increase gas realizations to industrial users
Metals and Mining: ALMK fails to provide iron ore supplies for October
Agriculture: Sintal continues its elevator expansion

Daily Market Brief

Market Comment

Ukrainian equity markets edged lower Tuesday (Oct 19) as news of a rate hike in China brought negative sentiment on global markets. The UX exchange tumbled 1.39% on solid trading volume of UAH 122 mln. Stocks were in a tailspin led by drop in Ukrsotsbank (USCB -3.63%) and Motor Sich (MSICH -2.67%) shares. Metals and mining stocks also took a dip: ALMK -2.15%, AVDK -1.79%, AZST -1.74%, ENMZ -2.01%, YASK -2.52%. Ukrnafta (UNAF) and Ukrtelecom (UTLM) slumped -1.38% and -2.38% respectively, while GenCos (CEEN +0.34%, ZAEN -0.54%) closed little changed.

Most Ukrainian stocks traded on international markets weakened. Regal Petroleum (RPT LN) took the hardest hit losing 13,33% on the news about company’s drilling issues (for details please refer to the article below). Other London-listed shares also finished on the negative territory: JKX Oil & Gas (JKX LN) slid 2.76%, Ferrexpo (FXPO LN) dropped 0.21%, MHP (MHPC LI) shed 0.59%. In Warsaw, food processing stocks hovered over the flat line (AST PW +0.07%, KER PW unch.).


Oil & Gas: Regal Petroleum reports technical issues

Daily Market Brief

Market Comment

Ukrainian equity markets closed in the red Monday (Oct. 18), ignoring firmer cues from global exchanges. The UX exchange closed 1.26% lower on volatile trading. Activity was rather high with total volume reaching UAH 96 mln. Stirol (STIR -4.64%) led the broad market decline, with banks (BAVL -1.71%, USCB -2.67%), Motor Sich (MSICH -2.49%) and Ukrtelecom (UTLM -2.54%) tailing along. Metals and mining stocks posted modest losses: ALMK -1%, AVDK -0.58%, AZST -0.44%, ENMZ -0.99%, YASK -0.91%. GenCos showed mixed dynamics: Centerenergo (CEEN -0.73%) slid, while Zakhidenergo (ZAEN +0.64%) was the only blue chip to close in the black.

Ukrainian stocks listed on international markets extended declines. Only MHP (MHPC LI +0.59%) managed to wrestle back some of the previous day’s losses. Cadogan (CAD LN -4.4%) and Regal Petroleum (RPT LN -4.76%) were the most prominent losers. Ferrexpo (FXPO LN) and Astarta (AST PW) slipped 2.52% and 3.38% respectively. JKX Oil & Gas (JKX LN -0.16%) and Kernel (KER PW) saw a slight dip.

Ukrainian Eurobonds traded actively on volatile pricing yesterday. Investors zeroed in on sovereigns, which slid early in the session only to climb out of the rut later in the day. Ukraine 20 closed out at 103.125 and NAFTO managed to recover to 109.25. Municipal issues moved down slightly on low trading volumes. CITKIE 15 landed at 95. Corporates were largely inactive and banking names remained flat – only FIUKR lost in price, sliding to 98.375.


Macro: Ukraine’s government to repay UAH 53.5 bln in 2011
Oil & Gas: Cadogan reports formal resolution of license issues
Food processing: Ukraine eases duties on meat imports