The sovereign remained under pressure from global rates while news flow on US aid prospects did not make things any clearer. GDP warrants weakened by 2pt, with a few negative sell-side notes making the rounds. Quasi-sovereigns and corporates remained bifurcated: trades in NAFTO 28 trades were reported at 51 and MHP 24 at 86, while DTEK said it intended to publish an updated proposal reflecting “the progress of the discussion.”
The local market was very quiet yesterday, with the UX index closing unchanged. Abroad, trading was mixed. FXPO inched up by 0.3% to GBp 74.6 on small turnover of $0.65m, AST lost 1.4% to PLN 29.15, MHPC dropped by 0.9% to $3.4, and KER fell by 0.7%. The broader KP-Dragon index remained flat as a result. Weaker global markets point to a lower open in Ukrainian equities today.
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| KSG PW | PLN | 1.8 | 1.825 | 1.825 | 1.4 |
| AST PW | PLN | 29.5 | 29.75 | 29.5 | 0.9 |
| FXPO LN | GBp | 74.5 | 75.05 | 74.95 | 0.5 |
| KER PW | PLN | 6.885 | 6.98 | 6.885 | 0.3 |
| MSICH | UAH | _ | _ | _ | 0.0 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| IMC PW | PLN | 11.45 | 11.75 | 11.45 | -3.0 |
| OVO PW | PLN | 61.5 | 63.5 | 63.5 | -2.3 |
| MLK PW | PLN | 0.785 | 0.79 | 0.785 | -1.4 |
| MSICH | UAH | _ | _ | _ | 0.0 |
| MHPC LI | USD | 3.4 | 3.43 | 3.4 | 0.0 |
| Ticker | Currency | Close | 1D, % | Volume |
|---|---|---|---|---|
| 2 | 2 | 2 | 2.0 | 2 |
| 0.0 | ||||
| I | I | I | 0.0 | I |
| / | / | / | 0.0 | / |
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| SPX | 4229.45 | -1.37 | -6.34 | 10.16 |
| PFTS | 507.03 | 0.00 | 0.00 | -2.34 |
| DAX | 15101.53 | 0.11 | -4.57 | 8.46 |
| FTSE100 | 7482.09 | 0.16 | 0.39 | 0.41 |
| MICEX | 3141.88 | -0.06 | -3.89 | 45.85 |
| KP-Dragon | 1,097.49 | 0.00 | -7.12 | -6.93 |
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| CDX.EM | 93.91905 | 0.00 | -2.13 | -0.24 |
| 5-year UST | 99.1640625 | 0.00 | 0.00 | 0.00 |
| 10-year UST | 92.71875 | 0.00 | 0.00 | 0.00 |
| 6M USD LIBOR | 5.88086 | -0.25 | -0.01 | 14.44 |
| 12M USD LIBOR | 6.04143 | 1.36 | 5.43 | 10.20 |
| Ukraine 24 | 31.5 | -3.82 | -5.97 | 21.15 |
| Ukraine 35 | 24.5 | -2.97 | -10.09 | 25.64 |
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| UAH:USD (NBU) | 36.59 | -0.06 | -0.06 | -0.06 |
| UAH:EUR (NBU) | 38.33 | 0.50 | 3.06 | 1.85 |
| USD:GBP | 1.21 | 0.41 | -3.94 | 0.36 |
| USD:EUR | 1.05 | 0.32 | -2.73 | -1.91 |
| PLN:USD | 4.41 | 0.27 | -6.13 | -0.84 |
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| WTI Crude Oil ($/bbl) | 89.23 | 0.46 | 4.30 | 11.18 |
| Corn ($/t) | 191.9 | -0.26 | 4.90 | -28.15 |
| Wheat ($/t) | 208.9 | 0.66 | 0.18 | -28.22 |
| Sugar ($/t) | 566.0 | -2.58 | -0.54 | 28.09 |
| DCUAHTOT | 99.4 | 0.05 | -0.88 | -2.69 |
| DCPI | 121.38 | -1.39 | -4.73 | -14.92 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| AST PW | PLN | 29.50 | 29.75 | 29.50 | 0.86 |
| BAVL | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| CEEN | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| FXPO LN | GBp | 74.50 | 75.05 | 74.95 | 0.54 |
| IMC PW | PLN | 11.45 | 11.75 | 11.45 | -2.97 |
| KER PW | PLN | 6.88 | 6.98 | 6.88 | 0.29 |
| MHPC LI | USD | 3.40 | 3.43 | 3.40 | 0.00 |
| OVO PW | PLN | 61.50 | 63.50 | 63.50 | -2.29 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| MLK PW | PLN | 0.79 | 0.79 | 0.79 | -1.38 |
| 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 |
| UTLM | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| MSICH | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| KSG PW | PLN | 1.80 | 1.82 | 1.82 | 1.39 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|
Notes:
*The Dragon Capital Terms of Trade Index (Bloomberg ticker: DCUAHTOT) measures the relative dynamics of key commodities exported and imported by Ukraine, including wheat, corn, sunflower oil, steel, iron ore, crude oil and natural gas. The index is set equal to 100 in the base year of 2019. Higher index values mean export prices outperform import prices, and vice versa. For more information, please refer to this research note (link) or contact your Dragon Capital contact person.
***Dragon Commodity Price Index (DCPI) is an equally weighted price index launched in 2007 to track tracks prices of all key commodities, which Ukraine either consumes or exports. The DCPI currently includes prices of wheat, sunflower oil, sugar, corn, natural gas, crude oil, hot rolled steel, iron ore and thermal coal. The DCPI is calculated on a daily basis from base level of one set for Dec. 31, 2000.
