Research

Welcome to our research portal. We provide comprehensive coverage on Ukrainian macroeconomics and politics as well as all major domestic industries such as metals and mining, agriculture, machine-building, fuel and energy, banking and others from both the equities and fixed income perspectives. 

Market View

  • Fixed income

    The disclosure on warrants was the highlight of the day. MinFin’s best proposal was valued at roughly 80, and it would seem that the impasse stemmed from a very robust loss reinstatement mechanism in bondholders’ proposal. The cash curve actually seemed to like the news on the idea of having less supply of effectively senior bonds.

  • Equities

    The KP-Dragon index fell 1.7% as most foreign-listed stocks came under selling pressure. FXPO lost 3%, closing at GBp 53 on small turnover, followed by KYIV dropping 2% to $13.1 in a $4.3m volume. Among agricultural names, MHP dropped 0.7%, AST finished flat, while IMC and KER were up 0.8% and 0.5% in small volumes. As volatility prevails in global markets, we expect Ukrainian equities to trade sideways today.

Ticker Currency Bid Ask Close 1D, %
MHPC LI USD 5.52 5.6 5.54 0.0
IMC PW PLN 25.4 25.9 25.9 0.0
KER PW PLN 18.96 19.08 19.08 -0.5
AST PW PLN 44.8 45.0 45.0 -0.7
FXPO LN GBp 52.6 52.7 52.6 -0.9
Ticker Currency Bid Ask Close 1D, %
FXPO LN GBp 52.6 52.7 52.6 -0.9
AST PW PLN 44.8 45.0 45.0 -0.7
KER PW PLN 18.96 19.08 19.08 -0.5
MHPC LI USD 5.52 5.6 5.54 0.0
IMC PW PLN 25.4 25.9 25.9 0.0
Ticker Currency Close 1D, % Volume
Name Close 1D, % 1M, % YTD, %
SPX 6718.04 -0.03 0.05 14.22
PFTS 458.79 0.00 0.35 -8.74
DAX 23569.96 -0.69 -3.35 18.39
FTSE100 9682.57 -0.55 2.10 18.47
KP-Dragon 2,074.57 0.44 0.91 19.89
Name Close 1D, % 1M, % YTD, %
CDX.EM 98.28831 0.00 0.41 1.36
5-year UST 99.7578125 0.00 0.00 0.00
10-year UST 101.265625 0.00 0.00 0.00
6M USD LIBOR 4.68213 -0.17 -8.86 -16.18
12M USD LIBOR 6.04143 1.36 5.43 10.20
Ukraine A29 68.25 -1.09 0.37 -2.15
Ukraine A36 53.75 -1.38 -1.38 -1.38
Ukraine B36 49.75 -1.97 2.58 -16.03
EMBI+ Ukraine 1,033.00 0.00 4.45 48.72
CEMBI Ukraine 1,226.96 0.34 -1.08 12.76
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 41.98 0.25 -1.58 0.12
UAH:EUR (NBU) 48.51 0.03 -0.68 -9.94
USD:GBP 1.32 0.20 -1.96 5.17
USD:EUR 1.16 0.16 -0.79 11.70
PLN:USD 3.67 0.38 -0.48 12.68
Name Close 1D, % 1M, % YTD, %
WTI Crude Oil ($/bbl) 59.43 -0.29 -3.66 -17.14
Corn ($/t) 170.9 0.46 2.97 -5.34
Wheat ($/t) 195.5 0.61 2.45 -3.49
Sugar ($/t) 318.0 0.35 -9.99 -25.13
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 44.80 45.00 45.00 -0.66
FXPO LN GBp 52.60 52.70 52.60 -0.94
IMC PW PLN 25.40 25.90 25.90 0.00
KER PW PLN 18.96 19.08 19.08 -0.52
MHPC LI USD 5.52 5.60 5.54 0.00
Ticker Currency Bid Ask Close 1D, %
Ticker Currency Bid Ask Close 1D, %

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