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 was modestly weaker during the day, and while better bids started to emerge in the afternoon, most bonds still closed 0.25-0.375pt lower. Quasi-sovereigns traded in about the same way but corporates started to appear brighter with some selective demand and not many offers.

  • Equities

    Local equities inched up by 0.5% on average yesterday thanks to a 4.5% bounce in UNAF and 0.3% gain in CEEN, which were just partially offset by a 0.1% loss in BAVL. The broader KP-Dragon index rose by 0.9% on a 5.1% jump in KER, fueled by stronger 4Q2018FY operating results. Other agro-names were also better bid: MHPC and AST rose by 2.4% and 1.6%. Bottom-fishing in FXPO pushed the stock 1.2% higher to GBp 163. As global markets are still looking for direction and commodities remain mixed, we expect Ukrainian equities to trade sideways today.

Ticker Currency Bid Ask Close 1D, %
FXPO LN GBp 171.15 171.2 171.2 5.1
UNAF UAH _ _ _ 0.0
OVO PW PLN 96.0 97.5 96.0 0.0
MSICH UAH _ _ _ 0.0
MHPC LI USD 12.6 12.85 12.85 0.0
Ticker Currency Bid Ask Close 1D, %
KSG PW PLN 1.12 1.19 1.12 -5.1
AGT PW PLN 3.51 3.58 3.58 -3.8
RPT LN GBp 21.2 22.8 22.0 -2.2
KER PW PLN 49.95 50.0 50.0 -0.8
IMC PW PLN 11.95 12.2 12.2 -0.4
Ticker Currency Close 1D, % Volume
FXPO LN GBp 171.2 5.1 710269.64
KER PW PLN 50.0 -0.8 3921.29
RPT LN GBp 22.0 -2.2 3740.3
MHPC LI USD 12.85 0.0 48.6
IMC PW PLN 12.2 -0.4 31.36
Name Close 1D, % 1M, % YTD, %
SPX 2806.56 -0.32 1.59 4.97
UX _ 0.00 0.00 0.00
PFTS 499.5532 -0.17 8.87 58.56
DAX 12686.29 -0.62 0.07 -1.79
FTSE100 7683.97 0.10 1.05 -0.05
MICEX 2269.45 -1.10 2.16 7.57
KP-Dragon 2,080.98 0.92 -6.38 -6.53
Name Close 1D, % 1M, % YTD, %
CDX.EM 96.70117 0.00 0.85 -2.42
5-year UST 99.4921875 3493.73 3490.39 4407.64
10-year UST 100.296875 3394.50 3361.33 4068.04
6M USD LIBOR 2.52663 0.14 1.19 37.54
12M USD LIBOR 2.8008800000000003 0.18 1.05 32.93
Ukraine 19 100.0 -0.62 -0.99 -4.76
Ukraine 32 88.125 -0.98 1.73 -10.31
EMBI+ Ukraine 555.00 1.28 -2.29 28.47
CEMBI Ukraine 579.49 -0.81 9.85 67.71
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 26.47 -0.64 -0.10 6.02
UAH:EUR (NBU) 30.68 -0.44 -0.56 9.19
USD:GBP 1.3 0.12 -1.45 -3.84
USD:EUR 1.16 0.26 0.41 -3.20
PLN:USD 3.73 0.26 -0.08 -6.91
USDUAH 26.3 0.00 0.72 6.73
Name Close 1D, % 1M, % YTD, %
Corn ($/t) 351.5 1.15 -0.71 0.14
WTI Crude Oil ($/bbl) 69.46 1.02 6.75 14.96
Sugar ($/t) 10.98 -0.99 -7.35 -27.64
Wheat ($/t) 503.0 1.97 5.55 18.09
DCPI 20.10 0.09 0.46 15.49
Ticker Currency Bid Ask Close 1D, %
UNAF UAH 0.00 0.00 0.00 0.00
AST PW PLN 32.10 35.00 32.10 0.00
AVGR LI USD 0.33 1.90 0.33 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 171.15 171.20 171.20 5.10
IMC PW PLN 11.95 12.20 12.20 -0.41
KER PW PLN 49.95 50.00 50.00 -0.79
MHPC LI USD 12.60 12.85 12.85 0.00
MSICH UAH 0.00 0.00 0.00 0.00
OVO PW PLN 96.00 97.50 96.00 0.00
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
USCB UAH 0.00 0.00 0.00 0.00
UTLM UAH 0.00 0.00 0.00 0.00
ALAGR FP EUR 0.37 0.37 0.37 0.00
AGT PW PLN 3.51 3.58 3.58 -3.76
DUPD LN GBp 11.00 14.90 12.95 0.00
JKX LN GBp 28.00 31.00 29.50 0.00
KSG PW PLN 1.12 1.19 1.12 -5.08
MLK PW PLN 0.99 1.03 1.03 0.00
RPT LN GBp 21.20 22.80 22.00 -2.22
UKR LN GBp 4.50 6.50 5.50 0.00
DOEN UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %

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