Daily Market Brief

Market Comment

Ukrainian equity markets closed the week with a significant downturn. The UX exchange lost 1.22% Friday (Jan. 14), on a total trading volume of UAH 175 mln. Metals and mining stocks extended losses: ALMK -3.52%, AZST -2.48%, YASK -2.48%, ENMZ -2.28%, AVDK -0.97%. Prices were also notably lower for Ukrsotsbank (USCB -1.72%), GenCos (CEEN-1.61%, ZAEN -1.58%), and Ukrtelecom (UTLM -1.33%). Other liquid stock posted minor losses under one percent.

On international markets, Regal Petroleum (RPT LN +6.54%) soared, while Cadogan Petroleum (CAD LN -1.16%) and JKX Oil & Gas (JKX LN -0.62%) slid. Both Ferrexpo (FXPO LN -0.61%) and MHP (MHPC LI -0.9%) shed some points by the end of the session. In Warsaw, Astarta (AST PW +4.12%) starred, Kernel (KER PW -1.25%) crumbled and Agroton (AGT PW -0.26%) took a shallow dip.


Fixed Income: Kiev eyes UAH 2.4 bln in foreign borrowings in 2011

Daily Market Brief

Market Comment

Ukrainian equity markets closed in the red yesterday (Jan. 13) on the back of negative job data released out of the U.S. in the second half of the trading session. The UX exchange lost 1.24%. Total trading volume set a historic record at UAH 320 mln. Ukrnafta (UNAF -0.18%) and Motor Sich (MSICH +0.69%) set the pace among volume leaders. The banking sector was one of the day’s bright spots, with Raiffeisen Bank Aval (BAVL +2.21%) and Ukrsotsbank (USCB +1.36%) turning in a solid performance. Ukrtelecom (UTLM) added a humble 0.58%. Investors fixed profits on the previous session’s top gainers: CEEN -4.12%, ALMK -4.38%, AZST -4.12%, ENMZ -3.89%. Prices also significantly dropped for coke producers: YASK -2.92%, AVDK -1.78%.

On international markets, Cadogan Petroleum (CAD LN +1.18%) and Regal Petroleum (RPT LN +2.89%) took a step up, while JKX Oil & Gas (JKX LN -0.03%) posted a small loss. Ferrexpo (FXPO LN +3.5%) prices climbed further and MHP (MHPC LI +1.1%) rebounded. In Warsaw, Astarta (AST PW +2.3%) solidified its advance, with both Kernel (KER PW +0.63%) and Agroton (AGT PW +0.8%) following suit.


Fixed Income: Kyiv targets balanced budget
Oil & Gas: Ukrnafta planning an IPO in London

Daily Market Brief

Market Comment

Yesterday’s (Jan. 12) optimism on Ukrainian equity markets drove the UX exchange (+1.48%) to a new historic high. Trading volume reached UAH 206 mln. Prices shot up for Centerenergo (CEEN +4.10%) and steel makers: AZST+5.26%, ENMZ +3.95%, ALMK +2.68%. Significant advances were made by banking sector stocks: BAVL +2.32%, USCB +1.09%. After a two-day correction, coke producers (YASK +0.15%, AVDK +0.03%) managed to close in the black; trading also came in above the flat line for Ukrtelecom (UTLM +0.62%) and Ukrnafta (UNAF +0.02%). Motor Sich (MSICH -0.28%) and Zakhidenergo (ZAEN -1.37%) traded against the market.

On international markets, Regal Petroleum (RPT LN +4.04%) soared, while JKX Oil & Gas (JKX LN -0.34%) posted a moderate loss and Cadogan Petroleum (CAD LN) closed flat. Ferrexpo (FXPO LN) kept up positive dynamics with an impressive gain of 3.1%, but MHP (MHPC LI -0.28%) continued its losing streak. In Warsaw, Astarta (AST PW +1.87%) and Kernel (KER PW +0.44%) turned in a solid performance, while Agroton (AGT PW -2.69%) dropped significantly.


Equity: Ukrainian President vetoes squeeze-out law
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Agriculture: Ukraine eyes 45 mln tonnes of grain harvest in 2011