Daily Market Brief

Market Comment

Ukrainian equity markets closed mixed Friday (Nov. 12) with the UX exchange adding 0.05% and PFTS declining 0.13%. The UX opened sharply lower on negative sentiment out of China, but rallied throughout the day to finish in the black. Trading volume was relatively high for a Friday at UAH 113 mln. Motor Sich (MSICH +1.99%) was the index’s heaviest contributor. Other gainers included Alchevsk Steel (ALMK +0.55%), Centerenergo (CEEN +0.11%) and Ukrnafta (UNAF +0.11%). Ukrtelecom (UTLM -1.48%) showed the weakest performance with Zakhidenergo (ZAEN -0.94%) following close behind. Banking (BAVL -0.76%, USCB -0.88%) and metals and mining shares (AVDK -0.15%, AZST -0.23%, ENMZ -0.46%, YASK -0.42%) also traded in negative territory.

Among Ukrainian stocks listed on the London Stock Exchange, only JKX Oil & Gas (+0.46%) managed to eke out a small gain. Ferrexpo (FXPO LN -4.22%) retreated after the previous day’s rally, Regal petroleum (RPT LN) lost 1.75% and MHP (MHPC LI) slid 0.61%. Stocks closed mixed on the Warsaw Stock Exchange: Agroton (AGT PW) and Kernel (KER PW) jumped 3.28% and 3.64% respectively, while Astarta (AST PW) declined 1.64%.


Politics: Ukraine’s President appoints opposition ally

Daily Market Brief

Market Comment

Ukrainian equity markets traded sideways on Thursday (Nov.11). The UX exchange hovered over the flat line most of the day to close 0.10% lower. Trading volume declined compared to the previous sessions, but remained rather high at UAH 128 mln. Zakhidenergo (ZAEN) came into the spotlight rising 4.68%, with Ukrsotsbank (USCB +1.14%) following close behind. Coke producers (AVDK +0.02%, YASK +0.24%),

Raiffeisen Bank Aval (BAVL +0.13%) and Motor Sich (MSICH +0.01%) all eked out small gains. Ukrtelecom (UTLM -1.15%) was the most prominent loser among blue chips, while steel makers (ALMK -0.75%, AZST -0.56%, ENMZ -0.65%) posted moderate losses. Centerenergo (CEEN -0.04%) and Ukrnafta (UNAF -0.09%) both lost a fraction.


Ukrainian stocks listed on international markets closed mixed. Ferrexpo showed the best performance skyrocketing 10.97%. The reason for such a remarkable gain was the approval of an expansion program for a total amount of $647 mln. Among oil and gas names JKX (JKX LN) advanced 1.12%, while Cadogan (CAD LN) and Regal Petroleum (RPT LN) lost 1.22% and 3.39% respectively. The latter lost in price after an official announcement confirming an unfavorable court decision. As for agricultural and food processing companies, Agroton (AGT PW) and Astarta (AST PW) did not trade due to an exchange holiday, while MHP (MHPC LI +2.36%) closed stronger.


Macro: Net FX inflow in Ukraine amounts to $500 mln in November
Fixed Income: Kiev to borrow UAH 500 mln from Ukreximbank
Equities: Yasynivka Coke’s parent finds coke consumers abroad

Daily Market Brief

Market Comment

Ukrainian equity markets swung between gains and losses on Wednesday (Nov. 10). The UX exchange opened lower but rebounded closer to the end of the session to finish 0.03% higher. Trading volume was relatively high at UAH 130 mln. Ukrnafta (UNAF) and Zakhidenergo (ZAEN) were among the best performers soaring 2.82% and 2.68% respectively. Other gainers included Motor Sich (MSICH +0.35%), Ukrsotsbank (USCB +1.92%) and Ukrtelecom (UTLM +0.06%). Metals and mining stocks lost in price: ALMK -1.67%, AVDK -1.70%, AZST -0.93%, ENMZ -0.98%, YASk -0.56%. Reiffeisen Bank Aval (BAVL -1.22%) and Centrenergo (CEEN -1.61%) also came under pressure.

Among Ukrainian stocks traded on international markets, oil and gas names posted solid gains: CAD LN +2.5%, JKX LN +2.04%, RPT LN +3.51%. As for other London-listed shares, Ferrexpo (FXPO LN) plunged 3.77%, while MHP (MHPC LI) eked out a small gain of 0.81%. In Warsaw Astarta (AST PW -0.06%) and Agroton (AGT PW -0.98%) edged lower, while Kernel (KER PW +3.35%) pared the previous day’s losses.


Fixed Income: Ferrexpo shelves Eurobond placement