Daily Market Brief

Market Comment

Ukrainian equity markets opened higher yesterday (Dec. 7) on the back of upbeat sentiment on European markets. The UX exchange surged in the first half of the day, but corrected slightly in the afternoon to close with a 0.66% rise. Total trading volume reached UAH 172 mln. The main contributor to index growth was Ukrtelecom (UTLM +2.92%) once again. Stock prices also hiked for Yasynivka Coke (YASK +2.79%) and Enakievo Steel (ENMZ +2.39%), while other metals and mining companies posted more modest gains: ALMK +0.53%, AVDK +0.07%, AZST +0.32%. Other top companies to put on notable growth included Ukrsotsbank (USCB), which added a solid 1.42%, and Ukrnafta (UNAF), which inched up 0.6%. The only blue chips to trade against the market trend were Raiffeisen Bank Aval (BAVL -0.2%) and Zakhidenergo (ZAEN -0.42%).

Ukrainian companies listed on international markets showed mixed dynamics yesterday. In London, Regal Petroleum (RPT LN -3.23%) and Cadogan Petroleum (CAD LN -1.11%) slid, while JKX Oil & Gas (JKX LN +0.38%) crept up. Ferrexpo (FXPO LN) added a solid 1.36% and MHP (MHPC LI) shot up 3.54%. In Warsaw, listed Ukrainian stocks reported losses across the board: AST PW -0.71%, AGT PW -1.56%, KER PW -1.79%.


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Daily Market Brief

Market Comment

Ukrainian equity markets edged lower yesterday (Dec. 6) as global markets faced uncertainty. Following a first half slide, the UX exchange (-0.01%) made an about face and nearly crept back into positive territory. Total trading volume came in at a moderate UAH 120 mln. Index losses were meager thanks in part to significant gains in Ukrtelecom (UTLM +2.50%), Stirol (STIR +2.07) and Zakhidenergo (ZAEN +1.9%). Ilyich Iron and Steel Works (MMKI +1.61%) and Alchevsk Steel (ALMK+0.06%) managed to close in the black. Other metals and mining names corrected: AZST -1.66%, YASK -1.32%, ENMZ -1.13%, AVDK -0.16%. The remainder of blue chips took on slight losses of under one percent.

Ukrainian companies listed on international markets posted mixed results. JKX Oil & Gas (JKX LN +0.98%), Cadogan Petroleum (CAD LN +5.88%) and Regal Petroleum (RPT LN +1.64%) reversed to gains. Ferrexpo (FXPO LN -0.64%) and MHP (MHPC LI -0.16%) failed to breakeven. In Warsaw, Agroton (AGT PW +0.31%) kept climbing, Kernel (KER PW +1.52%) made a solid advance, and Astarta (AST PW) closed flat.

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Daily Market Brief

Market Comment

Ukrainian equity markets opened higher on optimistic expectations Friday (Dec. 3); however, disappointing employment data out of the US led to the UX exchange stepping down a notch to end the day with a meager 0.23% rise. Total trading volume reached UAH 193 mln. Ukrtelecom (UTLM +2.25%) continued on its way up. Metals and mining stocks were among other top gainers, with Yasynivka Coke (YASK) shooting up 4.53%, and Azovstal (AZST) and Enakievo Steel (ENMZ) adding a solid 3.29% and 2.71% respectively. Only Alchevsk Steel (ALMK -1.05%) closed in the red. Most other top-tier names took on losses: Zakhidenergo (ZAEN) tumbled 4.08%, Ukrsotsbank (USCB) lost 1.13%, and investors continued to fix profit on Ukrnafta (UNAF -0.89%).

Ukrainian companies listed on international markets showed mixed dynamics. London-listed oil and gas stocks suffered notable losses. Regal Petroleum (RPT LN -10.29) saw its stock plummet as investors have lost faith in the company restoring licenses following the rejection of its legal appeal in a Ukrainian court. JKX Oil & Gas (JKX LN -2.25%), and Cadogan Petroleum (CAD LN -2.3%) slid. Ferrexpo (FXPO LN -0.43%) and MHP (MHPC LI -0.65%) chartered a minor downward course. In Warsaw, Astarta (AST PW-0.53%) closed in the red, while Agroton (AGT PW +3.23%) continued building up significant growth.


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