Market Comment
Ukrainian equity markets posted meager gains yesterday (Jan. 10). The UX exchange traded in the red during the first half of the session, but recovered in the afternoon to add 0.26%. Total trading volume came in at a moderate UAH 180 mln. Investors were all about coke producers: Yasynivka Coke (YASK) soared 10.79% and Avdiivka Coke (AVDK) jumped 5.94%. Among other blue chips, only two companies managed to close in the black: Centerenergo (CEEN +2.92%) made a solid advance and prices for Ukrnafta (UNAF +0.26%) moved slightly upward. Investors fixed profits on other liquid stock; loss leaders included Alchevsk Steel (ALMK -2.88%), Enakievo Steel (ENMZ -2.42%) and Zakhidenergo (ZAEN -2.05%).
On international markets, Ukrainian oil and gas companies recorded significant growth with Regal Petroleum (RPT LN +4.26%) and Cadogan Petroleum (CAD LN +2.38%) among the session’s top stocks, while JKX Oil & Gas (JKX LN +0.45%) grew at a more moderate pace. Losses came in for Ferrexpo (FXPO LN -1.67%) and MHP (MHPC LI -0.89%). In Warsaw, Аgroton (AGT PW +3.29%) and Astarta (AST PW +3.13%) climbed steeply, while Kernel (KER PW -1.13%) corrected.
Food processing: Kernel increases share capital by 0.66% -- Deutsche Bank issues "buy" recommendation with 98 PLN target price.
Tuesday, January 11, 2011
Monday, January 10, 2011
Daily Market Brief
Ukrainian equity markets kept up the positive trend on Thursday (Jan. 6). The UX exchange gained 2.43% as total trading volume for the half-day session came in at UAH 144 mln. The rally around metals and mining stocks continued: Azovstal (AZST +8.55%) skyrocketed, impressive gains were made by Avdiivka Coke (AVDK +7.67%), Enakievo Steel (ENMZ +7.56%) and Yasynivka Coke (YASK +7.34%), and Alchevsk Steel (ALMK +1.57%) ascended at a more moderate pace. Solid advances were made by GenCos (CEEN +2.58%, ZAEN +2.32%) and the banking sector (BAVL +2.01%, USCB +1.49%). Motor Sich (MSICH) added 1.24%, Ukrtelecom (UTLM +0.63%) advanced slightly, but Ukrnafta (UNAF -0.08%) just couldn’t manage to close in the black.
In London on Friday (Jan. 7), JKX Oil& Gas (JKX LN -10.55%) plummeted, Regal Petroleum (RPT LN -6%) tumbled and Cadogan Petroleum (CAD LN -1.18%) suffered notable losses. Ferrexpo (FXPO LN -0.31%) took a slight dip, while MHP (MHPC LI +0.28%) closed just over the flat line. In Warsaw, Kernel (KER PW +5.2%) made an impressive advance and Agroton (AGT PW +2.27% %) gained significantly, while Astarta (AST PW -0.86%) closed in the red.
Macro: Ukraine’s headline inflation at 9.1% Y-o-Y in 2010
Metals and Mining: Yasynivka Coke to reduce output in January by 4%
Agriculture: MHP announces partial execution of the “greenshoe” option
Tuesday, December 28, 2010
Daily Market Brief
Ukrainian equity markets traded in the red for most of Monday (Dec. 27). However, the UX exchange jumped into positive territory near the close and managed to gain 0.29%. Activity eased with total trading volume coming in at UAH 179 mln. Yasynivka Coke (YASK) shot up 8.33% on the back of news concerning the commissioning of a new battery. Banks were also among the leaders: Raiffeisen Bank Aval (BAVL) soared 4.32% and Ukrsotsbank (USCB) advanced a solid 2.33%. The only other gainers were Azovstal (AZST +0.11%) and Zakhidenergo (ZAEN +0.32%). Investors fixed profits on Alchevsk Steel (ALMK -0.27%) and Enakievo Steel (ENMZ -0.84%). The rest of the board suffered insignificant losses under one percent.
Macro: NBU targets 8.9% CPI inflation in 2011
Metals and Mining: North Ore Mining and Processing Plant to build up output in 2011
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