Daily Market Brief

Market Comment

Selling pressure took hold of Ukrainian equity markets on Thursday (Feb. 24). The UX exchange lost 4.65% on a high total trading volume of UAH 297 mln. Ukrnafta (UNAF -8.03%), an index heavyweight, corrected sharply after an extended period of growth. Strong blows also rained down on Centerenergo (CEEN -4.24%), Motor Sich (MSICH -3.85%) and banks (BAVL -6.29%, USCB -5.36%). Metals and mining names (ALMK -4.21%, YASK -4.04%, AZST -3.42%, ENMZ -2.62%, AVDK -2.35%) were not immune to the sell-off. Zakhidenergo (ZAEN -2.54%) followed the general downward plunge, while Ukrtelecom (UTLM +0.39%) was the only liquid stock that managed to stay afloat.

In general, Ukrainian companies listed on international markets posted moderate losses. In London, the only oil and gas name to significantly drop was Cadogan Petroleum (CAD LN -6.58%), while JKX Oil & Gas (JKX LN -0.8%) stepped down lightly and Regal Petroleum (RPT LN 0.33%) closed with a slight advance. Ferrexpo (FXPO LN -2.53%) kept up its correction and MHP (MHPC LI -1.47%) came down a notch. In Warsaw, Astarta (AST PW -0.34%) dipped into the red, while Kernel (KER PW -1.88%) and Agroton (AGT PW -3.37%) slid more intensively.


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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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