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

    Sovereign bonds saw further modest gains in shorter tenors on Friday, supported by restructuring expectations (i.e. a Reuters article about bondholders being poised to form a creditor group) and more positive rhetoric from US House Speaker Johnson. Corporates, on the other hand, were slightly offered in a few spots (-50c to -1pt, though that was typically enough to see some demand).

  • Equities

    The KP-Dragon index lost 3% on Friday as most foreign-listed stocks came under selling pressure. KER slid by 15.7% to PLN 9.32 in $1.6m, OVO dropped by 6.5%, and FXPO fell by 2% in $1.15m, closing at GBp 50.5. In contrast, AST rose by 2.7% in $0.15m and MHPC added 1.2% on tiny turnover. With global markets volatile, we expect Ukrainian equities to trade sideways today.

Ticker Currency Bid Ask Close 1D, %
KSG PW PLN 1.53 1.57 1.57 2.6
OVO PW PLN 70.5 73.0 73.0 2.1
ENW LN GBp 14.75 15.0 14.875 0.8
MLK PW PLN 0.576 0.583 0.583 0.5
MSICH UAH _ _ _ 0.0
Ticker Currency Bid Ask Close 1D, %
KER PW PLN 9.11 9.2 9.11 -2.2
FXPO LN GBp 49.46 49.48 49.48 -2.0
AST PW PLN 29.5 29.65 29.5 -1.8
MHPC LI USD 3.35 3.39 3.38 -0.3
MSICH UAH _ _ _ 0.0
Ticker Currency Close 1D, % Volume
Name Close 1D, % 1M, % YTD, %
SPX 5149.42 0.63 2.87 7.96
PFTS 507.03 0.00 0.00 0.00
DAX 17932.68 -0.02 4.76 7.05
FTSE100 7722.55 -0.06 0.14 -0.14
KP-Dragon 1,110.05 -2.97 -2.94 -4.88
Name Close 1D, % 1M, % YTD, %
CDX.EM 97.2597 0.00 0.52 0.16
5-year UST 99.59375 0.00 0.00 0.00
10-year UST 97.40625 0.00 0.00 0.00
6M USD LIBOR 5.69382 0.15 0.39 1.93
12M USD LIBOR 6.04143 1.36 5.43 10.20
Ukraine 24 33.75 -0.74 15.38 10.66
Ukraine 35 27.25 -2.68 14.74 14.74
EMBI+ Ukraine 2,843.00 -0.66 -14.19 -64.66
CEMBI Ukraine 1,098.07 -0.33 -9.63 -26.12
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 38.97 -0.45 -1.77 -2.50
UAH:EUR (NBU) 42.45 -0.48 -2.84 -1.06
USD:GBP 1.27 0.02 1.09 0.00
USD:EUR 1.09 0.01 0.87 -1.50
PLN:USD 3.98 -0.01 0.99 -0.99
Name Close 1D, % 1M, % YTD, %
WTI Crude Oil ($/bbl) 81.04 -0.27 3.86 13.11
Corn ($/t) 171.9 3.37 4.55 -7.32
Wheat ($/t) 194.2 1.73 -6.79 -15.84
Sugar ($/t) 487.7 1.61 -3.07 7.48
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 29.50 29.65 29.50 -1.83
BAVL UAH 0.00 0.00 0.00 0.00
CEEN UAH 0.00 0.00 0.00 0.00
FXPO LN GBp 49.46 49.48 49.48 -2.02
IMC PW PLN 9.92 10.00 9.92 0.00
KER PW PLN 9.11 9.20 9.11 -2.25
MHPC LI USD 3.35 3.39 3.38 -0.29
OVO PW PLN 70.50 73.00 73.00 2.08
Ticker Currency Bid Ask Close 1D, %
MLK PW PLN 0.58 0.58 0.58 0.52
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
UTLM UAH 0.00 0.00 0.00 0.00
MSICH UAH 0.00 0.00 0.00 0.00
KSG PW PLN 1.53 1.57 1.57 2.61
Ticker Currency Bid Ask Close 1D, %

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