Daily Market Brief

Market Comment

Ukrainian equity markets managed to stay afloat Tuesday (Sep. 21), going against the grain of major European exchanges that dipped just before the closing bell. The UX exchange added 0.44% on a moderate total trading volume of UAH 84 mln. Centerenergo (CEEN +1.19%) and Yasynivka Coke (YASK +1.32%) led the broad market advance. Metals and mining stocks (ALMK +0.3%, AVDK +0.35%, AZST +0.58%, ENMZ +0.61%) and banks (BAVL +0.55%, USCB +0.36%) posted modest gains. Among other top blue chips, Ukrnafta (UNAF) inched up 0.2% and Ukrtelecom (UTLM) climbed 0.65%.

On international markets, Ukrainian stocks closed mixed. Regal Petroleum (RPT) showed the best results, jumping 6.36%. MHP (MHPC LN +1.35), JKX Oil & Gas (JKX LN +0.65%) and Kernel (KER PW +0.08%) pushed higher, while Astarta (AST PW -2.17%), Cadogan (CAD LN -1.22%) and Ferrexpo (FXPO LN -1.35%) slid.



Fixed Income: FUIB and Dongorbank merger in the bag

Daily Market Brief

Market Comment

Ukrainian equity markets closed mixed Monday (Sep. 20). The UX exchange (+0.41%) slid soon after the opening bell, but managed to climb back into positive territory, spurred on by growth on global markets. Trading activity was sluggish with a total volume of UAH 58 mln. Yasynivka (YASK +1.04%) and Zakhidenergo (ZAEN +1.11%) were among the most prominent gainers, while Enakievo (ENMZ -1.15%) showed the weakest result. Raiffeisen Bank Aval (BAVL -0.18%) and Motor Sich (MSICH -0.14%) lost a fraction. Metals and mining stocks stacked on modest gains: ALMK +0.47%, AVDK +0.4%, AZST +0.72%. Other blue chips to have advanced included Centerenergo (CEEN +0.62%), Ukrnafta (UNAF +0.38%), Ukrsotsbank (USCB +0.6%) and Ukrtelecom (UTLM +0.14%).

Ukrainian stocks listed on international markets came under selling pressure Monday. Ferrexpo (FXPO LN) led the way down, losing 3.22%. In the oil and gas sector, Cadogan Petroleum (CAD LN) shed 2.38% and JKX Oil & Gas (JKX LN) dropped 0.31%. Regal Petroleum (RPT +0.92%) was the only Ukrainian name to close in the black. Food processing names in Warsaw reversed to losses: AST PW -1.43%, KER PW -0.45%.


Fixed Income: Interpipe completes Eurobond restructuring

Daily Market Brief

Market Comment

Ukrainian stock exchanges closed lower Friday (Sep. 10), trading in the opposite direction of European markets. The UX exchange (-0.52%) fell sharply from the opening and spent the entire session in the doldrums. Total trading volume came in at a moderate UAH 64 mln. Raiffeisen Bank Aval (BAVL +0.14%) and Zakhidenergo (ZAEN +0.02%) managed to eke out gains, while all other stocks in the index basket slumped. Sumy Frunze (SMASH -1.46%) and Stirol (STIR -2%) led the fall with minor losses observed for steel names (AZST -0.69%, ENMZ -0.71%), miners (AVDK -0.42%, YASK -1%), and utilities (CEEN -0.27%, UTLM -0.78%). Avdiivka Coke (AVDK -0.42%) swapped hands most actively – the stock topped the board with a total trading volume of UAH 12.7 mln.

Ukrainian shares listed on international markets turned in a mixed performance Friday. Cadogan Petroleum (CAD LN) stole the show, surging 7.58%. Regal Petroleum (RPT LN +2.48%) also reported an impressive gain, and JKX Oil & Gas (JKX LN +0.22%) managed to creep into positive territory. Ferrexpo (FXPO LN -0.13%) dipped slightly. Food-processing names closed mixed: MHPC LI -0.07%, KER PW +3.97%, AST PW -0.34%.

The Ukrainian Eurobond market was relatively active Friday. The session’s biggest loser was NAFTO, which fell nearly half a point. The entire sovereign curve traded down, dipping a quarter of a point. Corporates remained flat with banking issues EXIMUK 16 and FIUKR in solid demand.


Fixed Income: Ukrainian government considers new VAT bonds
Metals and Mining: Khartsyzsk Pipe boosts export to Russia
Machinery: Motor Sich to partner up with Russian Ministry of Defense