Daily Market Brief

Market Comment

Ukrainian equity markets experienced an uplift Wednesday (Feb. 2) on the back of positive domestic corporate developments. The UX exchange posted an impressive 2.53% gain on an unprecedented trading volume of UAH 350 mln. It was Motor Sich’s (MSICH) day; the stock shot up 10.62% after its FY10 results came out much better than expected. Among other top gainers, Ukrtelecom (UTLM) starred with a 3.12% rise and Ukrnafta (UNAF) climbed 1.94%. The banking sector (BAVL +0.8%, USCB +1.5%) and Centerenergo (CEEN +1.27%) posted moderately positive results. Metals and mining companies closed mixed. Yasynivka Coke (YASK +1.17%), Azovstal (AZST +1.09%), Enakievo (ENMZ +0.84%), Avdiivka Coke (AVDK +0.56%) all managed to gain, while Alchevsk Steel (ALMK -0.53%) closed in the red. Another blue chip that moved against the market was Zakhidenergo (ZAEN -0.16%).

In London, Cadogan Petroleum (CAD LN +12.9%) kept flying higher, while JKX Oil & Gas (JKX LN +1.02%) solidified its gains. Both Ferrexpo (FXPO LN +1.34%) and MHP (MHPC LI +0.77%) posted moderate advances. In Warsaw, Astarta (AST PW -0.32%) and Agroton (AGT PW -0.27%) closed in negative territory, but Kernel (KER PW +0.06%) just crossed over the flat line.


Fixed Income: Fitch assigns B rating to Ukreximbank’ hryvnia-linked notes
GenCos: Ukraine eyes privatization of GenCos in 2Q11
Metallurgy: Ukrainian steelmakers stand firm in January
Metals and Mining: Ferrexpo decreases pellet output in January by 3% M-o-M
Metals and Mining: Yasynivka Coke to maintain daily production in February

Daily Market Brief

Market Comment

Ukrainian equity markets charted an upward trend Tuesday (Feb. 1), on the back of optimism emanating from international markets. By the end of the trading session, the UX exchange added 2.12%. Total trading volume came in at UAH 216 mln. The bulk of index growth was provided by Ukrnafta (UNAF), which shot up 4.01%. Centerenergo (CEEN) was another top contributor with an impressive 2.74% pick up. The banking sector also solidified a notable advance: USCB +1.85%, BAVL +1.62%. Metals and mining companies (ALMK +1.82%, AZST +1.45%, ENMZ +1.41%, YASK +1.27%, AVDK +0.86%) followed the general positive trend; however, gains were on the moderate side. Both Ukrtelecom (UTLM +1.04%) and Motor Sich (MSICH +0.59%) kept up the pace, while results were weakest for Zakhidenergo (ZAEN +0.16%).

In London, Cadogan Petroleum (CAD LN) soared 22.72% amidst changes in the shareholder structure. JKX Oil & Gas (JKX LN +1.1%) kept inching upwards. Prices hiked for Ferrexpo (FXPO LN +3.86%), while MHP (MHPC LI +0.57%) made a humble advance. In Warsaw, Astarta (AST PW -1.16%) kept to a downward trajectory, while Agroton (AGT PW +0.05%) and Kernel (KER PW +0.12%) managed to eke out gains.


Politics: Ukraine’s Parliament extends its tenure, pushes election to 2012
Metals and Mining: Enakievo Steel to report a $98 mln net loss
Metals and Mining: Ukrainian coke producers finish January flat

Daily Market Brief

Market Comment

Ukrainian equity markets traded in the red on Monday (Jan 31). The UX exchange lost 0.34% on a sizeable total trading volume of UAH 223 mln. A bulk of the losses were taken on by metals and mining stocks: AZST -2.38%, ENMZ -2.36%, AVDK -1.31%, YASK -1.25%, ALMK -0.33%. Centerenergo (CEEN -0.57%), Raiffeisen Bank Aval (BAVL -0.52%) and Ukrtelecom (UTLM -0.45%) clicked down a notch, while Motor Sich (MSICH -0.29%), Zakhidenergo (ZAEN -0.2%) and Ukrsotsbank (USCB -0.15%) hovered just below the flat line. Ukrnafta (UNAF) defied the general downward trend, standing firm with a 0.87% advance.

In London, Cadogan Petroleum (CAD LN +8.6%) soared, while JKX Oil & Gas (JKX LN +0.41%) added insignificantly. Ferrexpo (FXPO LN -3.34%) corrected, and MHP (MHPC LI -0.05%) closed with a meager loss. In Warsaw, agricultural companies kept up negative dynamics: Astarta (AST PW -3.55%) tumbled, while Agroton (AGT PW -1.45%) and Kernel (KER PW -0.19%) slid at a slower pace.


Fixed Income: Ukreximbank sells $300 mln in hryvnia Eurobonds
Metals and Mining: Metinvest not eager to buy out minority shares in subsidiaries
Banks: Aval records UAH 745,000 net profit in 2010
Banks: Ukrsotsbank reports a UAH 28.9 mln bottom line in 2010