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

    Despite the negative (though not entirely new) weekend headlines, the market opened roughly unchanged. Then a bit of selling came out, in particular in a couple of front-end issues, leaving those 25c lower. Quasi-sovereigns and corporates were quiet and marked slightly lower. S&P downgrade of DTEREN came somewhat unexpectedly given that tight funding is affecting only future capex plans, but we haven't seen market reaction there yet.

  • Equities

    The local UX index fell by 2.4% yesterday on selling pressure in BAVL (-7%), CEEN (-5.4%) and UNAF (-2.3%). Abroad, AST was the worst performer among liquid names, down 4.4% to PLN 43, followed by KER, which lost 0.8% to close at PLN 59.5. FXPO dipped by 0.3% to GBp 285.8, while MHPC bucked the trend and rose 0.9% on small volume. As a result, the broader KP-Dragon index came down by 1.4%. With Asian indices and global futures trading higher, we expect a stronger open in Ukrainian names today.

Ticker Currency Bid Ask Close 1D, %
MLK PW PLN 2.3 2.4 2.4 14.8
FXPO LN GBp 306.0 306.2 306.2 7.1
ALAGR FP EUR 0.205 0.215 0.21 3.5
AGT PW PLN 6.88 6.98 6.88 2.7
AST PW PLN 43.5 43.7 43.7 1.4
Ticker Currency Bid Ask Close 1D, %
ENW LN GBp 34.7 35.2 35.2 -3.6
KSG PW PLN 4.12 4.22 4.12 -2.8
MHPC LI USD 6.7 6.84 6.72 -0.6
KER PW PLN 59.1 59.3 59.2 -0.5
UTLM UAH _ _ _ 0.0
Ticker Currency Close 1D, % Volume
FXPO LN GBp 306.2 7.1 590890.88
JKX LN GBp 38.5 0.7 10042.81
ENW LN GBp 35.2 -3.6 5499.63
KER PW PLN 59.2 -0.5 664.05
MHPC LI USD 6.72 -0.6 394.4
Name Close 1D, % 1M, % YTD, %
SPX 4676.37 1.84 -0.45 24.50
UX _ 0.00 0.00 0.00
PFTS 523.25 0.00 0.00 4.70
DAX 15813.94 2.82 -1.50 15.27
FTSE100 7339.9 1.49 0.49 13.61
MICEX 3873.2 1.66 -7.22 17.76
KP-Dragon 2,464.89 -1.43 -9.99 23.20
Name Close 1D, % 1M, % YTD, %
CDX.EM 95.14696 0.00 -1.31 -2.50
5-year UST 99.9921875 0.00 0.00 0.00
10-year UST 99.0625 0.00 0.00 0.00
6M USD LIBOR 0.27625 1.89 25.07 7.23
12M USD LIBOR 0.4655 0.87 30.21 36.16
Ukraine 22 100.25 -0.62 -3.14 -6.31
Ukraine 33 95.0 -0.26 -7.43 -13.04
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 27.33 0.17 -4.58 3.40
UAH:EUR (NBU) 30.73 0.58 -1.71 12.72
USD:GBP 1.32 0.11 -2.34 -3.00
USD:EUR 1.13 0.20 -2.75 -7.84
PLN:USD 4.07 0.17 -2.67 -8.17
Name Close 1D, % 1M, % YTD, %
Corn ($/t) 586.25 0.47 6.01 21.13
WTI Crude Oil ($/bbl) 72.05 3.68 -11.34 48.50
Sugar ($/t) 19.46 1.67 -2.31 25.76
Wheat ($/t) 799.25 0.28 4.27 24.79
DCPI 42.93 0.57 0.05 46.18
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 43.50 43.70 43.70 1.39
BAVL UAH 0.00 0.00 0.00 0.00
CEEN UAH 0.00 0.00 0.00 0.00
FXPO LN GBp 306.00 306.20 306.20 7.14
IMC PW PLN 31.60 31.90 31.90 0.95
KER PW PLN 59.10 59.30 59.20 -0.50
MHPC LI USD 6.70 6.84 6.72 -0.59
OVO PW PLN 68.00 69.00 69.00 0.00
UNAF UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %
ALAGR FP EUR 0.20 0.21 0.21 3.45
AGT PW PLN 6.88 6.98 6.88 2.69
KSG PW PLN 4.12 4.22 4.12 -2.83
MLK PW PLN 2.30 2.40 2.40 14.83
UKR LN GBp 3.50 5.50 4.50 0.00
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
Ticker Currency Bid Ask Close 1D, %

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