Daily Market Brief

Market Comment

Ukrainian equity markets landed in positive territory on Thursday (Mar. 3). The UX exchange gained 0.66% on a marginally lower equity trading volume of UAH 188 mln. GenCos (CEEN +2%, ZAEN +1.63%) took the lead step forward. Motor Sich (MSICH +1.49%) rose significantly as well. Metals and mining stocks (YASK +1.47%, ENMZ +1.41%, AZST +1.18%, ALMK +0.91%, AVDK +0.3%) charged forward to partially recover previous losses. Banking names lunged back into the black (USCB +1.14%, BAVL +0.5%). Ukrtelecom (UTLM +0.09%) posted a humble gain, while investors pulled back the reins slightly on Ukrnafta (UNAF -0.46%).

Oil and gas names shone brightly in London, with Cadogan Petroleum (CAD LN +2.99%) and Regal Petroleum (RPT LN +2.63%) setting the pace. JKX Oil & Gas (JKX LN +1.72%) was not far behind. MHP (MHPC LI +2.43%) put in an impressive performance, while Ferrexpo (FXPO LN +0.5%) hovered just over the flat line. In Warsaw, Astarta (AST PW +1.01%) made a positive move once again, but Kernel (KER PW -0.12%) and Agroton (AGT PW -0.11%) just could not manage to break even.


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Daily Market Brief

Market Comment

Ukrainian equity markets waded into the red on Wednesday (Mar. 2). The UX exchange lost 1.54% as equity trading volume lowered to UAH 192 mln. Metals and mining stocks were the session’s biggest losers, with most declines coming in at over two percent: ALMK -3.05%, AZST -2.86%, ENMZ -2.08%, YASK -2.05%, AVDK -1.55%. Motor Sich (MSICH -1.91%), Ukrnafta (UNAF -1.47%) and banks (USCB -1.43%, BAVL -0.54%) posted significant drops. Ukrtelecom (UTLM -0.15%) took a timid step down. Among electricity generators, Centerenergo (CEEN -1.4%) fell in parity with most liquid names, while Zakhidenergo (ZAEN +1.23%) stood out with a notable hike.

In London, Cadogan Petroleum (CAD LN +1.83%) powered up, while Regal Petroleum (RPT LN -1.3%) and JKX Oil & Gas (JKX LN -0.19%) decelerated. Ferrexpo (FXPO LN -1.18%) and MHP (MHPC LI -0.53%) dipped. In Warsaw, only Astarta (AST PW +0.43%) managed to close in the black, while Kernel (KER PW -0.12%) and Agroton (AGT PW -2.04%) slipped.


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Daily Market Brief

Market Comment

Ukrainian equity markets closed mixed on Tuesday (Mar. 1). The PFTS recorded a modest rise, while the UX exchange lost 1.05% on the back of a solid equity trading volume of UAH 230 mln. Stocks listed on the UX lost between one and three percentage points across the board. GenCos (ZAEN -2.90%, CEEN -1.34%), metals and mining names (AVDK -2.62%, AZST -2.51%, ENMZ -1.91%, ALMK -1.57%, YASK -0.14%) and banks (BAVL -2.17%, USCB -1.57%) all declined steadily. Even Ukrnafta (UNAF -1.45%) fell off its high horse. In contrast, Ukrtelecom (UTLM -0.27%) and Motor Sich (MSICH -0.08%) dipped just below the flat line.

It was an impressive day for oil and gas names in London: Cadogan Petroleum (CAD LN) soared 5.13%, while JKX Oil & Gas (JKX LN +1.71%) and Regal Petroleum (RPT LN +1.32%) posted notable gains. Ferrexpo (FXPO LN +0.81%) recorded a moderate growth pace, and MHP (MHPC LI +1.33%) accelerated. In Warsaw, Kernel (KER PW -0.12%) shed, while Astarta (AST PW +0.75%) and Agroton (AGT PW +0.27%) closed in the black.


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