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

    • Following the election results and positive post-election rhetoric, the sovereign rallied impressively on Monday, with the curve going 30bp tighter and 2+pt higher in the long end. GDP warrants were the prime outperformers, gaining over 3pt. Quasi-sovereigns and corporates ended 0.25-1pt higher, lagging somewhat - probably due to being out of the market's primary focus.

  • Equities

    The local UX index dipped by 0.4% yesterday as small trades were reported in CEEN (unch.), BAVL (unch.) and TATM (-2.8%). Foreign-listed equities were mixed, as FXPO added 0.6% on $3.1m turnover, KER closed flat on healthy $1.2m volume, MHP slid by 0.5% and AST lost 2.1%. As a result, the KP-Dragon index inched 0.1% lower on the day. Stronger global markets and commodity prices point to a higher opening in Ukrainian equities today.

Ticker Currency Bid Ask Close 1D, %
KSG PW PLN 0.925 1.0 1.0 4.0
AST PW PLN 23.7 24.2 24.0 1.3
IMC PW PLN 15.3 15.6 15.6 1.0
FXPO LN GBp 267.7 267.8 267.8 0.5
TATM UAH _ _ _ 0.0
Ticker Currency Bid Ask Close 1D, %
AGT PW PLN 3.275 3.35 3.275 -2.2
ALAGR FP EUR 0.1235 0.1245 0.1235 -2.0
RPT LN GBp 38.4 40.0 38.4 -1.9
JKX LN GBp 37.4 38.6 37.4 -0.8
KER PW PLN 49.55 49.9 49.75 -0.5
Ticker Currency Close 1D, % Volume
FXPO LN GBp 267.8 0.5 245212.31
JKX LN GBp 37.4 -0.8 6938.91
RPT LN GBp 38.4 -1.9 3389.8
KER PW PLN 49.75 -0.5 649.98
MHPC LI USD 10.0 0.0 50.79
Name Close 1D, % 1M, % YTD, %
SPX 3004.67 0.66 1.84 19.86
UX _ 0.00 0.00 0.00
PFTS 540.9778 -0.76 -2.12 -3.29
DAX 12490.74 1.64 1.22 18.30
FTSE100 7556.86 0.56 2.02 12.32
MICEX 2701.06 0.63 -2.18 14.00
KP-Dragon 2,023.19 -0.08 -1.28 1.34
Name Close 1D, % 1M, % YTD, %
CDX.EM 97.30948 0.00 0.89 2.17
5-year UST 99.6796875 0.00 0.00 0.00
10-year UST 102.71875 0.00 0.00 0.00
6M USD LIBOR 2.18075 1.70 -1.77 -24.16
12M USD LIBOR 2.18838 1.42 -0.62 -27.19
Ukraine 19 100.25 -0.25 -0.50 0.88
Ukraine 32 102.0 0.25 3.82 26.91
EMBI+ Ukraine 563.00 -1.23 -14.95 -26.60
CEMBI Ukraine 546.25 0.43 -9.39 -26.63
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 25.63 0.05 2.19 8.03
UAH:EUR (NBU) 28.64 0.43 4.21 10.75
USD:GBP 1.24 -0.02 -2.36 -2.42
USD:EUR 1.11 -0.02 -2.11 -2.65
PLN:USD 3.82 0.01 -2.17 -1.87
Name Close 1D, % 1M, % YTD, %
Corn ($/t) 424.75 0.77 -3.79 13.47
WTI Crude Oil ($/bbl) 56.65 0.76 -1.10 24.75
Sugar ($/t) 11.96 3.63 -1.96 -0.42
Wheat ($/t) 489.75 0.00 -7.37 -3.18
DCPI 18.78 -0.44 3.05 0.50
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 23.70 24.20 24.00 1.27
AVGR LI USD 0.00 0.38 0.25 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 267.70 267.80 267.80 0.45
IMC PW PLN 15.30 15.60 15.60 0.96
KER PW PLN 49.55 49.90 49.75 -0.50
MHPC LI USD 10.00 10.10 10.00 0.00
OVO PW PLN 80.50 84.00 84.00 0.00
UNAF UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %
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
ALAGR FP EUR 0.12 0.12 0.12 -1.98
AGT PW PLN 3.27 3.35 3.27 -2.24
DUPD LN GBp 9.00 10.80 9.90 0.00
JKX LN GBp 37.40 38.60 37.40 -0.80
KSG PW PLN 0.93 1.00 1.00 4.00
MLK PW PLN 0.36 0.43 0.43 0.00
RPT LN GBp 38.40 40.00 38.40 -1.92
UKR LN GBp 2.50 3.98 3.24 0.00
DOEN UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %

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