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 sovereign curve traded 50c higher mid-day but subsequent light selling left bonds closing unchanged to -25c. The A series were better offered while Bs were somewhat more resilient (perhaps just less widely owned). In quasi-sovereigns and corporates, a few bonds closed +25c, with mostly buyers across the space.

  • Equities

    With foreign-listed stocks trading weaker yesterday, the KP-Dragon index lost 0.9%. Among agros, MHPC dropped by 1.4% to $8.58, followed by AST (-1.3%), IMC (-1%) and KER (-0.6%). Also, KYIV fell 0.6% to $13.9 on a volume of $5.4m and SWRM lost 1.4% to $40.8. As global markets remain volatile, we expect Ukrainian equities to trade sideways today.

Ticker Currency Bid Ask Close 1D, %
MHPC LI USD 9.0 9.1 9.0 4.9
IMC PW PLN 35.15 37.1 37.1 2.6
KYIV US USD 14.03 14.05 14.04 1.0
KER PW PLN _ 19.48 19.34 0.0
FXPO LN GBp _ _ _ 0.0
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 46.2 46.35 46.35 -1.4
KER PW PLN _ 19.48 19.34 0.0
FXPO LN GBp _ _ _ 0.0
KYIV US USD 14.03 14.05 14.04 1.0
IMC PW PLN 35.15 37.1 37.1 2.6
Ticker Currency Close 1D, % Volume
Name Close 1D, % 1M, % YTD, %
SPX 7501.37 1.10 1.33 9.58
PFTS 425.95 0.00 -0.74 -7.65
DAX 25026.8 0.37 2.96 2.19
FTSE100 10399.7 -1.04 0.74 4.72
KP-Dragon 2,197.18 -0.91 -3.91 -7.41
Name Close 1D, % 1M, % YTD, %
CDX.EM 98.09605 0.00 0.79 -0.84
5-year UST 99.546875 0.00 0.00 0.00
10-year UST 99.390625 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 84.75 -0.59 3.35 13.38
Ukraine A36 69.0 0.00 8.24 16.95
Ukraine B36 60.5 1.68 6.61 6.61
EMBI+ Ukraine 668.00 -2.91 -15.12 -33.69
CEMBI Ukraine 633.90 -4.81 -9.59 -50.24
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 44.91 -0.24 -1.68 -5.70
UAH:EUR (NBU) 51.46 0.92 -0.09 -3.23
USD:GBP 1.32 -0.71 -1.76 -2.06
USD:EUR 1.15 -0.38 -1.71 -2.46
PLN:USD 3.72 -0.68 -2.11 -3.45
Name Close 1D, % 1M, % YTD, %
WTI Crude Oil ($/bbl) 76.79 0.97 -27.16 33.73
Corn ($/t) 165.7 1.75 -7.62 -4.37
Wheat ($/t) 225.1 2.81 -3.62 20.86
Sugar ($/t) 305.4 0.22 -6.42 -7.73
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 46.20 46.35 46.35 -1.38
FXPO LN GBp 0.00 0.00 0.00 0.00
IMC PW PLN 35.15 37.10 37.10 2.63
KER PW PLN 0.00 19.48 19.34 0.00
MHPC LI USD 9.00 9.10 9.00 4.90
KYIV US USD 14.03 14.05 14.04 1.01
Ticker Currency Bid Ask Close 1D, %
Ticker Currency Bid Ask Close 1D, %

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