Daily Market Brief

Market Comment

Ukrainian equity markets edged lower yesterday (Dec. 6) as global markets faced uncertainty. Following a first half slide, the UX exchange (-0.01%) made an about face and nearly crept back into positive territory. Total trading volume came in at a moderate UAH 120 mln. Index losses were meager thanks in part to significant gains in Ukrtelecom (UTLM +2.50%), Stirol (STIR +2.07) and Zakhidenergo (ZAEN +1.9%). Ilyich Iron and Steel Works (MMKI +1.61%) and Alchevsk Steel (ALMK+0.06%) managed to close in the black. Other metals and mining names corrected: AZST -1.66%, YASK -1.32%, ENMZ -1.13%, AVDK -0.16%. The remainder of blue chips took on slight losses of under one percent.

Ukrainian companies listed on international markets posted mixed results. JKX Oil & Gas (JKX LN +0.98%), Cadogan Petroleum (CAD LN +5.88%) and Regal Petroleum (RPT LN +1.64%) reversed to gains. Ferrexpo (FXPO LN -0.64%) and MHP (MHPC LI -0.16%) failed to breakeven. In Warsaw, Agroton (AGT PW +0.31%) kept climbing, Kernel (KER PW +1.52%) made a solid advance, and Astarta (AST PW) closed flat.

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Daily Market Brief

Market Comment

Ukrainian equity markets opened higher on optimistic expectations Friday (Dec. 3); however, disappointing employment data out of the US led to the UX exchange stepping down a notch to end the day with a meager 0.23% rise. Total trading volume reached UAH 193 mln. Ukrtelecom (UTLM +2.25%) continued on its way up. Metals and mining stocks were among other top gainers, with Yasynivka Coke (YASK) shooting up 4.53%, and Azovstal (AZST) and Enakievo Steel (ENMZ) adding a solid 3.29% and 2.71% respectively. Only Alchevsk Steel (ALMK -1.05%) closed in the red. Most other top-tier names took on losses: Zakhidenergo (ZAEN) tumbled 4.08%, Ukrsotsbank (USCB) lost 1.13%, and investors continued to fix profit on Ukrnafta (UNAF -0.89%).

Ukrainian companies listed on international markets showed mixed dynamics. London-listed oil and gas stocks suffered notable losses. Regal Petroleum (RPT LN -10.29) saw its stock plummet as investors have lost faith in the company restoring licenses following the rejection of its legal appeal in a Ukrainian court. JKX Oil & Gas (JKX LN -2.25%), and Cadogan Petroleum (CAD LN -2.3%) slid. Ferrexpo (FXPO LN -0.43%) and MHP (MHPC LI -0.65%) chartered a minor downward course. In Warsaw, Astarta (AST PW-0.53%) closed in the red, while Agroton (AGT PW +3.23%) continued building up significant growth.


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Daily Market Brief

Market Comment

Volatile trading was observed on Ukrainian equity markets yesterday (Nov. 30). The UX exchange chartered a downward trajectory in the first half of the session, but recovered losses in the second half to close 0.39% higher. Total trading volume remained high and reached UAH 167 mln. Ukrnafta (UNAF) was the stock of the day, adding to its succession of gains by posting a rise of 4.42%. Only a few other names closed in positive territory including Zakhidenergo (ZAEN +0.94%) and Ukrsotsbank (USCB +0.11%). With the exception of Yasynivka Coke (YASK +0.29%) and Alchevsk Steel (ALMK +0.12%), metals and mining stocks extended losses: AZST-0.23%, ENMZ -0.84%, AVDK -0.72%. Ukrtelecom (UTLM -1.83%) continued to lose ground. Other top names mirrored the general downward trend: BAVL -1.11%, CEEN -0.5%.

Among Ukrainian stocks listed on international markets, JKX Oil & Gas (JKX LN +0.16%) closed in the black, while Cadogan Petroleum (CAD LN -1.19%) reversed to losses, and investors continued to fix profits on Regal Petroleum (-7.35%). Ferrexpo (FXPO LN) traded in the red, losing 2.07%. The trend was reversed for agriculture and food processing stocks. Only Agroton lost in price (AGT PW -0.63%), while MHP (MHPC LI +1.38%) and Astarta (AST PW +2.95%) posted solid gains, and Kernel (KER PW +6.35%.) soared.


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