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

    Ukraine was under a bit of pressure from global macro developments, bonds on the curve closed typically 0.5pt lower. However, overall sentiment was firm - as evidenced by the new sovereign-guaranteed Ukravtodor issue at around 50bp over the sovereign curve (6.25% 28s with 6.25 WAL). Quasi-sovereigns and corporates were mostly unchanged, Metinvest’s tender offer for its 23s helped support the mood there.

  • Equities

    The local UX index lost 3.4% yesterday on lower prints in major stocks such as UNAF (-8.7%), CEEN (-4.2%), and BAVL (-1.2%). Foreign-listed agricultural names were mixed: KER bounced by 2.1% to PLN 57.7 on $2.4m turnover, AST and IMC declined by 2.3% and 5.4%, respectively, while MHP closed flat at $6.16. FXPO (-4.5%) was trading ex-dividend and closed at GBp 422, generating $8m in volume. As a result, the KP-Dragon index ended the day 3.7% lower. As global markets are looking for direction, we expect Ukrainian equities to trade sideways today.

Ticker Currency Bid Ask Close 1D, %
AGT PW PLN 8.4 8.5 8.5 4.9
MLK PW PLN 1.16 1.18 1.18 3.1
JKX LN GBp 25.0 26.0 25.5 2.0
OVO PW PLN 76.5 78.0 78.0 2.0
AST PW PLN 52.2 52.8 52.2 1.6
Ticker Currency Bid Ask Close 1D, %
UKR LN GBp 5.0 5.75 5.375 -6.5
ALAGR FP EUR 0.152 0.153 0.153 -3.2
KER PW PLN 56.8 57.2 56.8 -1.6
FXPO LN GBp 416.6 416.8 416.6 -1.2
MHPC LI USD 6.14 6.16 6.14 -0.3
Ticker Currency Close 1D, % Volume
FXPO LN GBp 416.6 -1.2 866975.56
KER PW PLN 56.8 -1.6 4980.6
ENW LN GBp 22.2 0.0 2618.02
JKX LN GBp 25.5 2.0 411.64
AST PW PLN 52.2 1.6 134.44
Name Close 1D, % 1M, % YTD, %
SPX 4184.45 -0.89 1.37 11.41
UX _ 0.00 0.00 0.00
PFTS 531.17 0.00 0.47 6.29
DAX 15448.04 -1.78 0.40 12.61
FTSE100 7017.47 -1.90 -0.24 8.62
MICEX 3802.95 -0.42 3.12 15.63
KP-Dragon 2,762.21 1.47 9.14 38.06
Name Close 1D, % 1M, % YTD, %
CDX.EM 97.33185 0.00 0.34 -0.26
5-year UST 99.390625 0.00 0.00 0.00
10-year UST 101.703125 0.00 0.00 0.00
6M USD LIBOR 0.15863 4.44 -14.94 -38.43
12M USD LIBOR 0.24513 4.53 -7.32 -28.30
Ukraine 21 101.0 -0.25 -0.25 -2.77
Ukraine 33 103.25 -0.48 0.24 -5.49
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 27.19 -0.08 0.89 3.92
UAH:EUR (NBU) 32.29 0.48 3.85 7.28
USD:GBP 1.38 -0.63 -2.71 1.16
USD:EUR 1.19 -0.24 -2.86 -2.92
PLN:USD 3.84 -0.17 -3.60 -2.62
Name Close 1D, % 1M, % YTD, %
Corn ($/t) 656.25 3.91 -0.08 35.90
WTI Crude Oil ($/bbl) 71.64 0.84 9.39 47.65
Sugar ($/t) 16.37 -0.73 -4.53 6.07
Wheat ($/t) 662.0 3.60 -5.16 3.36
DCPI 38.10 -0.15 -0.46 29.73
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 52.20 52.80 52.20 1.56
AVGR LI USD 0.01 0.00 0.01 0.00
BAVL UAH 0.00 0.00 0.00 0.00
CEEN UAH 0.00 0.00 0.00 0.00
FXPO LN GBp 416.60 416.80 416.60 -1.19
IMC PW PLN 28.50 28.60 28.60 1.42
KER PW PLN 56.80 57.20 56.80 -1.56
MHPC LI USD 6.14 6.16 6.14 -0.32
OVO PW PLN 76.50 78.00 78.00 1.96
UNAF UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %
UTLM UAH 0.00 0.00 0.00 0.00
ENW LN GBp 22.20 22.30 22.20 0.00
MSICH UAH 0.00 0.00 0.00 0.00
ALAGR FP EUR 0.15 0.15 0.15 -3.16
AGT PW PLN 8.40 8.50 8.50 4.94
KSG PW PLN 4.36 4.42 4.37 0.46
MLK PW PLN 1.16 1.18 1.18 3.06
UKR LN GBp 5.00 5.75 5.38 -6.52
DOEN UAH 0.00 0.00 0.00 0.00
KVBZ UAH 0.00 0.00 0.00 0.00
TATM UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %

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