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.


Banks: Ukraine’s banks improve operations in January
Real Estate: TMM boosts net revenue 34% Y-o-Y for 2010

Daily Market Brief

Market Comment

Ukrainian equity markets just managed to end trading in positive territory on Friday (Feb. 18). The UX exchange rose 0.05% on a hefty total equity trading volume of UAH 247 mln. Impressive gains by Ukrnafta (UNAF +3.5%) and Ukrtelecom (UTLM +1.71%) were primarily responsible for the index’s meager lift. Most liquid stocks came under selling pressure, with metals and mining names taking the most severe blows: AVDK -3.27%, ENMZ -2.13%, ALMK -1.86%, AZST -1.57%, YASK -1.55%. Minor losses were recorded by Motor Sich (MSICH -0.22%) and banks (BAVL -0.66%, USCB -0.65%).

In London, Regal Petroleum (RPT LN +2.04%) and Cadogan Petroleum (CAD LN -2.87%) took strides in opposite directions, and JKX Oil & Gas (JKX LN +0.54%) inched up. Ferrexpo (FXPO LN +2.98%) made an impressive hike and MHP (MHPC LI +0.51%) followed a few steps behind. In Warsaw, Astarta (AST PW +0.52%) closed in the black, while Agroton (AGT PW -0.64%) shed, but the real slump came in for Kernel (KER PW -6.01%).


GenCos: Donbasenergo reports net loss of UAH 148 mln in 2010
GenCos: Zakhidenergo reports net loss of UAH 187 mln in 2010

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