Daily Market Brief

Market Comment

Ukrainian equity markets slipped into the red on Tuesday (Feb. 22). The UX exchange lost 0.86% as equity trading volume remained high at UAH 252 mln. Among steel stocks, Azovstal (AZST -2.58%) and Enakievo Steel (ENMZ -2.68%) took severe blows, while Alchevsk Steel (ALMK +0.6%) managed to further its advance. Motor Sich (MSICH -2.18%) ended the day with a sharp drop. GenCos (CEEN -2.26%, ZAEN -1.68%) slid significantly, while losses for the banking sector (USCB -1.07%, BAVL -0.67%) and coke producers (AVDK -0.91%, YASK -0.67%) came in at moderate levels. Ukrnafta (UNAF +0.83%) and Ukrtelecom (UTLM +0.9%) withstood the general selling pressure and posted modest gains.

In London, Regal Petroleum (RPT LN +1.01%) pushed forward, while Cadogan Petroleum (CAD LN -7.14%) underwent a severe correction following a streak of massive gains. JKX Oil & Gas (JKX LN -0.99%) inched down. Both Ferrexpo (FXPO LN -0.71%) and MHP (MHPC LI -0.97%) dropped slightly. In Warsaw, Astarta (AST PW -4.49%) continued to drown, Kernel (KER PW -2.43%) made an about-face and Agroton (AGT PW -0.44%) shed a bit.


Oil & Gas: Ukraine to float its oil and gas holding

Daily Market Brief

Market Comment

Ukrainian equity markets remained in the black Monday (Feb. 21). The UX exchange rose 0.16% on a sizable equity trading volume of UAH 231 mln. For a second straight session, the minor index gain was attributed to the dynamics of a few stocks, namely the continued swell of Ukrnafta (UNAF +2.81%) and the stark turnaround by Alchevsk Steel (ALMK +3.04%). Other names to close above the flat line were Ukrtelecom (UTLM +0.6%) and Centerenergo (CEEN +0.24%). Coke producers (AVDK -3.59%, YASK -2.79%) slid a steep slope. Azovstal (AZST -2.58%) and banking sector stocks (USCB -2.09%, BAVL -1.74%) tumbled severely. Zakhidenergo (ZAEN -1.53%) and Enakievo Steel (ENMZ -1.15%) declined at a more moderate pace, and Motor Sich (MSICH -0.14%) stopped just short of a positive outcome.

In London, Regal Petroleum (RPT LN -1%) and Cadogan Petroleum (CAD LN -0.59%) shed, while JKX Oil & Gas (JKX LN +0.9%) inched up. Ferrexpo’s (FXPO LN -3.32%) correction overrode previous gains, and MHP (MHPC LI -0.26%) dropped slightly. Some dramatic results were demonstrated in Warsaw: Astarta (AST PW -4.15%) took a severe blow, while Kernel (KER PW +5.24%) shot back up to regain a bulk of the previous session’s losses. Agroton (AGT PW +0.96%), on the other hand, recorded a humble advance.


Banks: Ukraine’s banks improve operations in January
Real Estate: TMM boosts net revenue 34% Y-o-Y for 2010

Daily Market Brief

Market Comment

Ukrainian equity markets just managed to end trading in positive territory on Friday (Feb. 18). The UX exchange rose 0.05% on a hefty total equity trading volume of UAH 247 mln. Impressive gains by Ukrnafta (UNAF +3.5%) and Ukrtelecom (UTLM +1.71%) were primarily responsible for the index’s meager lift. Most liquid stocks came under selling pressure, with metals and mining names taking the most severe blows: AVDK -3.27%, ENMZ -2.13%, ALMK -1.86%, AZST -1.57%, YASK -1.55%. Minor losses were recorded by Motor Sich (MSICH -0.22%) and banks (BAVL -0.66%, USCB -0.65%).

In London, Regal Petroleum (RPT LN +2.04%) and Cadogan Petroleum (CAD LN -2.87%) took strides in opposite directions, and JKX Oil & Gas (JKX LN +0.54%) inched up. Ferrexpo (FXPO LN +2.98%) made an impressive hike and MHP (MHPC LI +0.51%) followed a few steps behind. In Warsaw, Astarta (AST PW +0.52%) closed in the black, while Agroton (AGT PW -0.64%) shed, but the real slump came in for Kernel (KER PW -6.01%).


GenCos: Donbasenergo reports net loss of UAH 148 mln in 2010
GenCos: Zakhidenergo reports net loss of UAH 187 mln in 2010