Daily Market Brief

Market Comment

Ukrainian equity markets closed in the red Monday (Oct. 18), ignoring firmer cues from global exchanges. The UX exchange closed 1.26% lower on volatile trading. Activity was rather high with total volume reaching UAH 96 mln. Stirol (STIR -4.64%) led the broad market decline, with banks (BAVL -1.71%, USCB -2.67%), Motor Sich (MSICH -2.49%) and Ukrtelecom (UTLM -2.54%) tailing along. Metals and mining stocks posted modest losses: ALMK -1%, AVDK -0.58%, AZST -0.44%, ENMZ -0.99%, YASK -0.91%. GenCos showed mixed dynamics: Centerenergo (CEEN -0.73%) slid, while Zakhidenergo (ZAEN +0.64%) was the only blue chip to close in the black.

Ukrainian stocks listed on international markets extended declines. Only MHP (MHPC LI +0.59%) managed to wrestle back some of the previous day’s losses. Cadogan (CAD LN -4.4%) and Regal Petroleum (RPT LN -4.76%) were the most prominent losers. Ferrexpo (FXPO LN) and Astarta (AST PW) slipped 2.52% and 3.38% respectively. JKX Oil & Gas (JKX LN -0.16%) and Kernel (KER PW) saw a slight dip.

Ukrainian Eurobonds traded actively on volatile pricing yesterday. Investors zeroed in on sovereigns, which slid early in the session only to climb out of the rut later in the day. Ukraine 20 closed out at 103.125 and NAFTO managed to recover to 109.25. Municipal issues moved down slightly on low trading volumes. CITKIE 15 landed at 95. Corporates were largely inactive and banking names remained flat – only FIUKR lost in price, sliding to 98.375.


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Daily Market Brief

Market Comment

Trading was turbulent on Ukrainian stock exchanges Friday (Oct. 15). The UX exchange fell sharply from the opening as investors jockeyed for position ahead of Ben Bernanke’s announcement of possible quantitative easing by the Fed. Stocks shot up following Bernanke’s statement that further action by the Fed is warranted; however, the rally was short-lived as the exchange sunk in the closing hour. As a result, the UX finished down 0.49% on a high total trading volume of UAH 112 mln. Stirol (STIR -3.23%) and Stahanov Car Production Facility (SVGZ -1.39%) led the decline. Metals and mining names faded late (ALMK -0.53%, AZST -1.35%, YASK -1.13%, ENMZ -0.22%), while GenCos closed out mixed (CEEN -0.47%, ZAEN +0.36%). It was a seesaw day for banking stocks. Raiffeisen Bank Aval (BAVL -0.8%) and Ukrsotsbank (USCB -1.07%) slid, and Forum Bank (FORM +0.14%) just managed to keep its head above water.
Ukrainian stocks listed on international exchanges charted a predominantly downward course. Oil and gas names finished mixed. JKX Oil & Gas (JKX LN -1.09%) and Regal Petroleum (RPT LN -3.07%) suffered notable losses, and Cadogan Petroleum (CAD LN +2.25%) posted a solid gain. Food processing names took their lumps. MHP shed 0.46%, Kernel (KER PW) slumped 0.76% and Astarta (AST PW) tumbled 3.27%.
On the heels of Thursday’s correction, prices for Ukrainian Eurobonds rebounded slightly at the beginning of Friday’s trading session. However, sovereigns were unable to sustain momentum and traded down later in the day: Ukraine 20 closed at 103.25 and NAFTO traded down at 109.875. Corporates were largely inactive. Banking names lost slightly in price. Only municipals managed to add; CITKIE 15 reached 95.5 on a low trading volume.


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Daily Market Brief

Market Comment

Ukrainian equity markets saw sideways trading Monday (Oct. 11). The UX exchange shot up from the opening bell, but lost momentum to close only 0.25% higher. Total trading volume was thin at UAH 54 mln. Zakhidenergo (ZAEN) fronted blue chips’ gains, adding 1.07% on the day. Most metals and mining stocks (ALMK +0.26%, AVDK +0.07%, AZST +0.51%, ENMZ +0.32%) rose modestly in line with the broad market advance. Yasynivka Coke (YASK -0.34%) was among the few stocks to tally a loss. Centerenergo (CEEN +0.11%), Motor Sich (MSICH +0.23%), Ukrnafta (UNAF +0.35%) and Ukrtelecom (UTLM +0.24%) added a fraction. Banks (BAVL -0.09%, USCB -0.02%, FORM +0.37%) hovered around the flat line.

Ukrainian stocks listed on international markets closed mixed. Among oil and gas stocks, Cadogan Petroleum (CAD LN) slid 2.36%, JKX Oil & Gas (JKX LN) surged 2.5% and Regal Petroleum (RPT LN) traded flat. Ferrexpo (FXPO LN) and MHP (MHPC LI) added 0.75% and 0.93% respectively. In Warsaw, Astarta (AST PW) lost 1.54%, while Kernel (KER PW) posted a solid 1.08% gain.

Activity on the Ukrainian Eurobond market was limited yesterday due to the Columbus Day holiday in the US.


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