Market Comment

Ukrainian equity markets sank lower Wednesday (Feb. 23). The UX index dropped 1.32% on a total trading volume of UAH 210 mln. Whopping downfalls by Centerenergo (CEEN -3.38%), Alchevsk Steel (ALMK -3.18%) and Ukrsotsbank (USCB -3.1%) were primarily responsible for the index’s drop. Raiffeisen Bank Aval (BAVL -0.99%) added to the drag. Motor Sich (MSICH -2.53%) continued a trend of sharp decline. Steelmakers Azovstal (AZST -0.86%) and Enakievo Steel (ENMZ -1.06%) kept their losses at a moderate level. Coke producers closed mixed: Yasynivka Coke (YASK -1.51%) deepened its fall, while Avdiivka Coke (AVDK +1.27%) lunged forcefully into the black. Following days of growth juxtaposed to the index’s negative trend, Ukrtelecom (UTLM -0.61%) recorded a meager loss. Ukrnafta (UNAF +0.58%) defied the market once again, and Zakhidenergo (ZAEN +0.85%) turned positive side up.

In London, a positive result came in for Regal Petroleum (RPT LN +1.33%), while Cadogan Petroleum (CAD LN -2.56%) kept rolling downhill and JKX Oil & Gas (JKX LN -0.33%) lingered just below the flat line. Ferrexpo (FXPO LN -3.48%) came under severe selling pressure and MHP (MHPC LI -1.34%) intensified it recent loss dynamics. In Warsaw, Astarta (AST PW +0.74%) emerged from the previous session’s slump, while Kernel (KER PW -0.44%) slid, and Agroton (AGT PW -2.06%) swallowed a red pill.


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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.


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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.


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