Daily Market Brief

Market Comment

Trading on Ukrainian equity markets was volatile Wednesday (Sep. 29). The UX exchange opened strong, but edged lower to lose 0.49% on the day. Total trading volume was moderate at UAH 73.5 mln. Banks were among the worst performers with Raiffeisen Bank Aval (BAVL) losing 1.09% and Ukrsotsbank (USCB) declining 1.72%. Most metals and mining names extended losses (ALMK -0.18%, AVDK -1.17%, AZST -0.26%); Enakievo (ENMZ) managed to inch up 0.11% and Yasynivka (YASK) finished flat. GenCos (CEEN -1.11%, ZAEN -0.72%) stumbled along with Motor Sich (MSICH -1.17%) and Ukrtelecom (UTLM -0.12%). Ukrnafta was the only bright spot among blue chips adding 1.59%.

Ukrainian stocks listed on international markets closed mixed. Investors favored oil and gas companies (CAD LN +3.75%, JKX LN +1.08%) and Ferrexpo (FXPO LN +3.33%). As for food-processing names, Kernel (KER PW +1.15%) advanced, while Astarta (AST PW -0.46%) and MHP (MHPC LI -0.86%) posted moderate losses.

Corporates rallied on the Ukrainian Eurobond market yesterday. The biggest gainers were MHPSA, DTEK, METINV and FIUKR – all names added nearly a point. Sovereigns also rose slightly in price.



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Daily Market Brief

Market Comment

Ukrainian equity markets closed in the red Tuesday (Sep. 28). The UX exchange wavered between gains and losses as investors were encouraged by German consumer confidence and U.K. economic growth stats; however, weaker-than-expected reports on US consumer confidence and regional manufacturing weighed the market down. Total trading volume came in at nearly UAH 94 mln. Led by Alchevsk Steel (ALMK -2.87%), metals and mining stocks (AVDK -0.85%, AZST -1.7%, ENMZ -0.29%, YASK -0.11%) were among the biggest laggards. Motor Sich (MSICH -1.73%) and Centerenergo (CEEN -1.63%) reversed to losses. Banks also added to the broad market decline: BAVL -1.01%, USCB -2.67%. Only Ukrnafta (UNAF +1.70%), Ukrtelecom (UTLM +0.72%) and Zakhidenergo (ZAEN +2.34%) finished in positive territory.

Ukrainian stocks listed on international markets showed mixed dynamics. Cadogan Petroleum (CAD LN +1.56%) was the most notable gainer, while its peers JKX Oil & Gas (JKX LN) and Regal Petroleum (RPT LN) lost 0.19% and 1.84% respectively. News concerning the new loan attracted by Ferrexpo (FXPO LN +0.38%) pushed the stock’s price slightly higher. MHP (MHPC LI +0.92%) also advanced. Warsaw-listed Astarta (AST PW -2.62%) and Kernel (KER PW -1.66%) traded in the red.

Trading activity was lower than average on the Ukrainian Eurobond market yesterday. Long-end sovereigns declined slightly. Municipals and most corporate papers remained flat. Good demand was observed for banks such as PRBANK, ALFAUA and FIUKR.


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Daily Market Brief

Market Comment

Ukrainian equity markets closed mixed Monday (Sep 27). The UX exchange opened lower and forged a sideways trend throughout the day to close 0.24% down. Activity remained relatively weak in the absence of driving news - trading volume totaled UAH 50 mln. With the exception of Enakievo (ENMZ +0.43%), all metals and mining stocks (ALMK -0.12%, AVDK -0.52%, AZST -0.18%) lost ground with Yasynivka Coke (YASK -1.75%) setting the pace. Ukrnafta (UNAF -0.02%), Raiffeisen Bank Aval (BAVL -0.09%), GenCos (CEEN +0.15%, ZAEN +0.19%) and Ukrsotsbank (USCB +0.07%) hovered around the baseline.

Ukrainian stocks listed on international markets traded in the red. Cadogan Petroleum (CAD LN) came under selling pressure, losing 4.88% for the session. Regal Petroleum (RPT LN -2.68%) extended losses, while JKX (JKX LN unch) closed unchanged. Other London-listed stocks lost a fraction: FXPO LN -0.17%, MHPC LI -0.33%. Food processing names traded in Warsaw ended lower: AST PW -0.19%, KER PW -1.49%.

It was a quiet day on the Ukrainian Eurobond market. Investors zeroed in on sovereign issues, which closed slightly lower. Corporates remained flat with meager demand observed for MHPSA. In the banking universe, FIUKR and EXIMUK 16 recorded minor action.


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