Daily Market Brief

Market Comment

Ukrainian equity markets traded sideways on Thursday (Feb. 17). The UX exchange closed with a 1.07% gain on a total trading volume of UAH 195 mln. Ukrnafta (UNAF) took charge with an impressive 2.25% hike. GenCos also took a step up with Centerenergo (CEEN) appreciating by 1.56% and Zakhidenergo (ZAEN) inching up 0.25%. Motor Sich (MSICH) slowed its striking growth pace set over the past few days with a 0.5% advance. Raiffeisen Bank Aval (BAVL +0.42%) also closed in the red, while its peer Ukrsotsbank (USCB -0.78%) moved in the opposite direction. Ukrtelecom (UTLM -0.27%) took a slight dip, while metals and mining names weighed on the index basket with deepening losses: AVDK -1.99%, AZST -1.45%, ALMK -1.11%, YASK -1.03%, ENMZ -0.24%.

In London, gains came in for Ukrainian oil and gas names: Regal Petroleum (RPT LN) added 1.38%, Cadogan Petroleum (CAD LN) advanced 1.16% and JKX Oil & Gas (JKX LN) inched up 0.88%. Notable positive ground was broken by Ferrexpo (FXPO LN +1.62%), while MHP (MHPC LI +2.09%) made another impressive vault. In Warsaw, Agroton (AGT PW +0.91%) closed in the black, while Astarta (AST PW) closed flat and Kernel (KER PW -0.66%) shed.


Macro: Ukraine’s economic growth up to 6% Y-o-Y in January

Daily Market Brief

Market Comment

Ukrainian equity markets experienced volatile trading on Wednesday (Feb. 16). The UX exchange slid in the opening hours of the session only to be yanked up in the second half of the day and close with a 0.87% rise. Total trading volume reached UAH 268 mln. Index growth was due primarily to Motor Sich (MSICH +7.18%), which made another stunning leap. Banks added some support, with Raiffeisen Bank Aval (BAVL +0.69%) and Ukrsotsbank (USCB +0.38%) both making slight advances. Centerenergo (CEEN +0.19%) also managed to stay in the black. Metals and mining names (ENMZ -1.74%, ALMK -1.43%, AVDK -1.43%, AZST -1.04%, YASK -0.9%) continued to have an adverse impact on the index. The remainder of liquid stocks recorded trifle losses: UNAF -0.13%, UTLM -0.36%, ZAEN -0.46%.

In London, Regal Petroleum (RPT LN -2.69%) continued its correction, Cadogan Petroleum (CAD LN) closed flat and JKX Oil & Gas (JKX LN +1.93%) broke out with an impressive hike. Ferrexpo (FXPO LN -0.92%) lowered in value, while MHP (MHPC LI +2.03%) made a noteworthy thrust back into positive territory. In Warsaw, only Astarta (AST PW +1.05%) managed to advance, while Kernel (KER PW -0.83%) shed and Agroton (AGT PW -3.15%) slid.


Fixed Income: Ukraine raises $1.5 bln on ten-year notes
Metals and Mining: Alchevsk Steel posts losses of $127.8 mln in 2010

Daily Market Brief

Market Comment

Ukrainian equity markets closed mixed on Tuesday (Feb. 15). While the PFTS managed to eke out a gain, the UX exchange (-0.32%) slipped into the red just before the close of the trading session. Total equity trading volume on the UX came in at a moderate UAH 194 mln. Motor Sich (MSICH) starred with a 2.39% surge. Other liquid stocks to close in the black included Ukrnafta (UNAF +0.23%) and Zakhidenergo (ZAEN +0.11%). Among banking names, Raiffeisen Bank Aval (BAVL) closed flat, while Ukrsotsbank (USCB -0.58%) took a step into negative territory. The crucial downwards pull on the index was made by metals and mining names (AZST -1.66%, ALMK -1.45%, ENMZ -1.38%, AVDK -1.17%, YASK -0.18%), with Ukrtelecom (UTLM -1.5%) and Centerenergo (CEEN -1.35%) adding significantly in the loss category.

In London, Cadogan Petroleum (CAD LN +3.61%) slowed the pace of its ascent, JKX Oil & Gas (JKX LN -0.07%) lowered a pinch, and Regal Petroleum (RPT LN -1.33%) corrected after yesterday’s surge. Both Ferrexpo (FXPO LN -1.03%) and MHP (MHPC LI -0.8%) kept on with negative trends. In Warsaw, agricultural companies did not break any significant ground, with Astarta (AST PW +0.53%) and Kernel (KER PW +0.6%) making inching up and Agroton (AGT PW) shedding 0.63%.


Macro: Ukraine’s GDP growth in 2010 estimated at 4.2% Y-o-Y
Fixed Income: Ukraine to sell ten-year Eurobonds
Metals and Mining: Alchevsk Steel to reprocess billets from captive steel works