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

    A very strong open post-Fed set highs for the day, with the 32s trading above 90 and 28s at 104. After that we saw offers move steadily lower and then stabilize to close +0.5-1pt. While the price changes look solid, the tone was relatively weak, with buyers generally reluctant to chase offers here (that said, not many sellers were visible around either). Corporates had a strong day (+1pt in a few cases), with some two-way flow emerging in Metinvests while Oschads were in demand among quasi-sovereigns.

  • Equities

    The local index was generally flat yesterday as a 1.5% gain in BAVL and a strong 7.2% bounce in UNAF, driven by better 2018 earnings, offset a 4.7% drop in CEEN. Foreign-listed stocks were higher overall: FXPO added 0.7%, KER rose by 2.2% and MHP increased by 2.3%, with AST bucking the trend to lose 1.6%. As a result, the KP-Dragon index inched 0.3% lower on the day. As global markets are looking for direction, we expect Ukrainian equities to trade sideways today.

Ticker Currency Bid Ask Close 1D, %
OVO PW PLN 106.0 109.0 109.0 2.8
AGT PW PLN 3.54 3.56 3.56 0.1
KVBZ UAH _ _ _ 0.0
FARM UAH _ _ _ 0.0
DOEN UAH _ _ _ 0.0
Ticker Currency Bid Ask Close 1D, %
RPT LN GBp 42.0 43.4 42.7 -7.2
JKX LN GBp 51.0 52.5 51.75 -5.0
AST PW PLN 28.5 28.7 28.5 -5.0
FXPO LN GBp 247.0 247.5 247.5 -3.6
ALAGR FP EUR 0.1405 0.143 0.1405 -1.8
Ticker Currency Close 1D, % Volume
FXPO LN GBp 247.5 -3.6 534216.22
JKX LN GBp 51.75 -5.0 28507.19
RPT LN GBp 42.7 -7.2 13681.38
KER PW PLN 51.5 -1.0 596.93
MHPC LI USD 11.15 0.0 312.76
Name Close 1D, % 1M, % YTD, %
SPX 2800.71 -1.90 0.29 11.72
UX _ 0.00 0.00 0.00
PFTS 553.9961 -0.08 -0.14 -0.96
DAX 11364.17 -1.61 -0.82 7.63
FTSE100 7207.59 -2.01 0.40 7.13
MICEX 2492.7 -0.60 0.16 5.21
KP-Dragon 2,204.38 -0.27 0.10 10.42
Name Close 1D, % 1M, % YTD, %
CDX.EM 96.87549 0.00 0.00 1.72
5-year UST 100.6171875 0.00 0.00 0.00
10-year UST 101.625 0.00 0.00 0.00
6M USD LIBOR 2.67738 -0.06 -0.99 -6.89
12M USD LIBOR 2.79413 -0.69 -3.27 -7.03
Ukraine 19 100.0 -0.62 -0.37 0.63
Ukraine 32 88.5 -1.26 2.31 10.11
EMBI+ Ukraine 605.00 -2.10 -8.47 -21.12
CEMBI Ukraine 542.39 -2.63 -17.63 -27.15
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 26.96 1.10 0.21 2.70
UAH:EUR (NBU) 30.47 1.86 0.41 4.08
USD:GBP 1.32 1.07 1.02 3.57
USD:EUR 1.13 -0.49 -0.43 -1.35
PLN:USD 3.81 -0.72 0.43 -1.57
USDUAH 26.89 0.79 0.41 3.00
Name Close 1D, % 1M, % YTD, %
Corn ($/t) 378.0 0.53 0.80 0.87
WTI Crude Oil ($/bbl) 58.94 -1.49 3.20 29.80
Sugar ($/t) 12.59 0.56 -5.98 4.49
Wheat ($/t) 464.75 -0.11 -4.26 -7.40
DCPI 18.43 -0.58 -5.24 -1.37
Ticker Currency Bid Ask Close 1D, %
UNAF UAH 0.00 0.00 0.00 0.00
AST PW PLN 28.50 28.70 28.50 -5.00
AVGR LI USD 0.00 0.28 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 247.00 247.50 247.50 -3.58
IMC PW PLN 13.85 14.00 14.00 0.00
KER PW PLN 51.00 51.50 51.50 -0.96
MHPC LI USD 10.80 11.15 11.15 0.00
OVO PW PLN 106.00 109.00 109.00 2.83
Ticker Currency Bid Ask Close 1D, %
FARM 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
ALAGR FP EUR 0.14 0.14 0.14 -1.75
AGT PW PLN 3.54 3.56 3.56 0.14
DUPD LN GBp 9.00 11.90 10.45 -4.57
JKX LN GBp 51.00 52.50 51.75 -5.05
KSG PW PLN 0.90 0.97 0.90 0.00
MLK PW PLN 0.62 0.00 0.56 0.00
RPT LN GBp 42.00 43.40 42.70 -7.17
UKR LN GBp 3.10 4.48 3.79 0.00
DOEN UAH 0.00 0.00 0.00 0.00
MSICH UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %

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