Dragon Capital Top Ukrainian Brokerage in 2006

18.01.2007
Investment bank Dragon Capital became the largest Ukrainian stock broker by trading volume in 2006, beating foreign and local competition by a wide margin, according to results released by the country’s primary securities exchange, PFTS.

Kyiv, January 18, 2007 – Investment bank Dragon Capital became the largest Ukrainian stock broker by trading volume in 2006, beating foreign and local competition by a wide margin, according to results released by the country’s primary securities exchange, PFTS.

Dragon Capital outperformed more than 25 other banks and brokerage houses that regularly traded shares on the PFTS last year, accounting for 32% of the exchange’s total turnover, or double the share of the second-placed broker, Concorde Capital. Following Dragon and Concorde were Sinkom, Millennium Capital and Renaissance Capital Ukraine.

No. 1 Broker on Ukrainian Stock Market in 2006


32% of total stock trading volume in 2006
Source: PFTS

The PFTS stock trading volume surged by 77% year-over-year in 2006, to $1.2bn, while the KP-Dragon index, Dragon Capital’s tool tracking the performance of 20 leading Ukrainian stocks, jumped by 47% over the period, reflecting a sharp increase in foreign investors’ interest towards Ukrainian assets despite domestic political turbulence and slower than expected economic reforms and privatization.

“2007 is set to be another year of strong growth for Ukrainian equities,” said Tomas Fiala, Dragon Capital’s Managing Director. “Strong macro fundamentals, political stabilization and improving investment climate will support investor confidence and provide for further asset price growth.”

In addition to the long-standing blue chips, the market’s advance last year was led by more than a dozen newly listed companies and banks, which made 2006 the year of IPOs in Ukraine. Dragon also dominated on this market, raising close to $450m for 12 companies through public and private placements.

“We will see at least 20 new listings in 2007, as local corporates increasingly realize the long-term financial benefits of transparency and good corporate governance,” Fiala said.

Ukrainian stocks have already risen by more than 12% since the start of 2007, as the market experienced an influx of new foreign and domestic money, thus testifying to investors’ positive outlook on Ukraine.

 

No. 1 by IPOs and Private Placements in Ukraine in 2006

 

Company Sector Lead Manager Raised
1 Bank Nadra Banking Dragon Capital $58m
2 Sablink Real Estate Dragon Capital $48m
3 Rodovid Bank Banking Dragon Capital $47m
4 VK Development Real Estate Dragon Capital $37m
5 Ukrinbank Banking Dragon Capital $36m
6 Velyka Kyshenya Trade Dragon Capital $35m
7 Furshet Trade Dragon Capital $34m
8 IMB Group Banking Dragon Capital $32m
9 Astarta Agriculture ING $31m
10 Galnaftogaz Oil & Gas Concorde Capital $27m
11 Cantik Development Real Estate Dragon Capital $26m
12 LuAZ Automobile Assembly Dragon Capital $26m
13 Megabank Banking Concorde Capital $22m
14 Laona Trade Dragon Capital $21m
15 Ekvin Trade Concorde Capital $14.5m
16 KP Media Media Dragon Capital $11m

Raised more than $410m for 12 Ukrainian companies

 

About Dragon Capital

For more information please contact us at pr@dragon-capital.com.