Daily Market Brief

Market Comment

Ukrainian equity markets declined Thursday (Sep.23) in line with global markets that were pushed lower by a string of negative news (unexpected jump in jobless claims in the US, disappointing GDP and manufacturing data out of Europe, etc.). The UX exchange closed 0.54% lower on a slim trading volume of UAH 43 mln. Metals and mining stocks led the decline: ALMK -1.18%, AVDK -1.06%, AZST -1.40%, ENMZ -1.67%. Banks also weakened with Raiffeisen Bank Aval (BAVL) losing 0.99% and Ukrsotsbank (USCB) dropping 0.88%. Other blue chips finishing in the red included Centerenergo (CEEN -1.33%), Ukrtelecom (UTLM -0.78%) and Zakhidenergo (ZAEN -0.19%). Only Motor Sich (MSICH +0.18%) and Yasynivka Coke (YASK +0.19%) managed to eked out gains.

Ukrainian stocks traded on international markets showed mixed dynamics. Profit takers were out in force for Regal Petroleum (RPT LN), the stock dropped 4.92% after posting significant gains earlier this week. Regal’s peers were on the rise: Cadogan Petroleum (CAD LN) jumped 3.85% and JKX Oil & Gas (JKX LN) added 0.31%. Among other London-listed stock, Ferrexpo (FXPO LN) lost 0.38% and MHP (MHPC LI) advanced 1.13%. In Warsaw, the bleeding slowed for Astarta (AST PW -1.23%), while Kernel (KER PW) rose 1.28%.


Macro: National Bank of Ukraine’s current account balance slides
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Daily Market Brief

Market Comment

Ukrainian equity markets managed to stay afloat Tuesday (Sep. 21), going against the grain of major European exchanges that dipped just before the closing bell. The UX exchange added 0.44% on a moderate total trading volume of UAH 84 mln. Centerenergo (CEEN +1.19%) and Yasynivka Coke (YASK +1.32%) led the broad market advance. Metals and mining stocks (ALMK +0.3%, AVDK +0.35%, AZST +0.58%, ENMZ +0.61%) and banks (BAVL +0.55%, USCB +0.36%) posted modest gains. Among other top blue chips, Ukrnafta (UNAF) inched up 0.2% and Ukrtelecom (UTLM) climbed 0.65%.

On international markets, Ukrainian stocks closed mixed. Regal Petroleum (RPT) showed the best results, jumping 6.36%. MHP (MHPC LN +1.35), JKX Oil & Gas (JKX LN +0.65%) and Kernel (KER PW +0.08%) pushed higher, while Astarta (AST PW -2.17%), Cadogan (CAD LN -1.22%) and Ferrexpo (FXPO LN -1.35%) slid.



Fixed Income: FUIB and Dongorbank merger in the bag

Daily Market Brief

Market Comment

Ukrainian equity markets closed mixed Monday (Sep. 20). The UX exchange (+0.41%) slid soon after the opening bell, but managed to climb back into positive territory, spurred on by growth on global markets. Trading activity was sluggish with a total volume of UAH 58 mln. Yasynivka (YASK +1.04%) and Zakhidenergo (ZAEN +1.11%) were among the most prominent gainers, while Enakievo (ENMZ -1.15%) showed the weakest result. Raiffeisen Bank Aval (BAVL -0.18%) and Motor Sich (MSICH -0.14%) lost a fraction. Metals and mining stocks stacked on modest gains: ALMK +0.47%, AVDK +0.4%, AZST +0.72%. Other blue chips to have advanced included Centerenergo (CEEN +0.62%), Ukrnafta (UNAF +0.38%), Ukrsotsbank (USCB +0.6%) and Ukrtelecom (UTLM +0.14%).

Ukrainian stocks listed on international markets came under selling pressure Monday. Ferrexpo (FXPO LN) led the way down, losing 3.22%. In the oil and gas sector, Cadogan Petroleum (CAD LN) shed 2.38% and JKX Oil & Gas (JKX LN) dropped 0.31%. Regal Petroleum (RPT +0.92%) was the only Ukrainian name to close in the black. Food processing names in Warsaw reversed to losses: AST PW -1.43%, KER PW -0.45%.


Fixed Income: Interpipe completes Eurobond restructuring