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 market was in solid shape for most of the day, with bonds up 25-50c (again) at one point. The afternoon brought some selling as global markets turned lower following US data. The long end closed unchanged, with the 29s underperforming.

  • Equities

    Local equities had a quiet day yesterday, with the UX index inching 0.1% lower. Abroad, FXPO was one of the worst performers among liquid names, testing the GBp 324 level intra-day but closing at GBp 330 (-4.7%) on $5.3m turnover. Agriculture was mixed: KER and AST rose by 4.6% and 1.4%, respectively, while MHPC lost 2%. As a result, the broader KP-Dragon index shed 0.2% on the day. As global markets remain volatile, we expect Ukrainian equities to trade sideways today. We may see further selling pressure in FXPO as iron ore prices keep correcting.

Ticker Currency Bid Ask Close 1D, %
ENW LN GBp 36.2 36.5 36.35 6.3
KER PW PLN 62.6 63.3 63.3 2.1
AGT PW PLN 8.42 8.5 8.5 1.9
MHPC LI USD 7.0 7.04 7.0 1.7
JKX LN GBp 39.5 40.5 40.5 1.2
Ticker Currency Bid Ask Close 1D, %
FXPO LN GBp 323.2 323.4 323.2 -2.2
MLK PW PLN 1.03 1.055 1.05 -1.9
AST PW PLN 50.5 50.6 50.6 -1.4
ALAGR FP EUR 0.1835 0.184 0.1835 -0.8
KSG PW PLN 4.09 4.14 4.14 -0.5
Ticker Currency Close 1D, % Volume
FXPO LN GBp 323.2 -2.2 1305679.33
JKX LN GBp 40.5 1.2 25371.07
ENW LN GBp 36.35 6.3 15203.43
KER PW PLN 63.3 2.1 3093.14
AST PW PLN 50.6 -1.4 192.54
Name Close 1D, % 1M, % YTD, %
SPX 4438.86 -0.78 -0.21 18.18
UX _ 0.00 0.00 0.00
PFTS 526.25 0.00 -0.04 5.30
DAX 15490.17 -1.03 -2.71 12.91
FTSE100 6963.64 -0.91 -3.03 7.79
MICEX 4035.17 -0.25 2.34 22.69
KP-Dragon 2,722.16 -0.23 3.35 36.06
Name Close 1D, % 1M, % YTD, %
CDX.EM 97.55875 0.00 0.42 -0.02
5-year UST 99.4296875 0.00 0.00 0.00
10-year UST 98.890625 0.00 0.00 0.00
6M USD LIBOR 0.1495 0.75 -3.78 -41.97
12M USD LIBOR 0.22425 1.18 -5.28 -34.41
Ukraine 22 104.5 -0.48 -0.24 -2.34
Ukraine 33 105.5 -0.94 1.08 -3.43
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 26.7 -0.13 -0.10 5.83
UAH:EUR (NBU) 31.46 -0.29 -0.26 10.09
USD:GBP 1.37 -0.33 0.07 0.63
USD:EUR 1.17 -0.25 0.19 -4.04
PLN:USD 3.91 -0.51 -0.34 -4.52
Name Close 1D, % 1M, % YTD, %
Corn ($/t) 527.0 -0.33 -5.46 9.04
WTI Crude Oil ($/bbl) 71.63 -1.35 7.57 47.63
Sugar ($/t) 19.16 -1.59 -4.20 23.82
Wheat ($/t) 707.5 -0.81 -3.71 10.42
DCPI 41.59 -1.06 2.20 41.62
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 50.50 50.60 50.60 -1.36
BAVL UAH 0.00 0.00 0.00 0.00
CEEN UAH 0.00 0.00 0.00 0.00
FXPO LN GBp 323.20 323.40 323.20 -2.18
IMC PW PLN 31.30 31.80 31.80 0.00
KER PW PLN 62.60 63.30 63.30 2.10
MHPC LI USD 7.00 7.04 7.00 1.74
OVO PW PLN 72.50 75.50 75.50 0.67
UNAF UAH 0.00 0.00 0.00 0.00
Ticker Currency Bid Ask Close 1D, %
ENW LN GBp 36.20 36.50 36.35 6.29
ALAGR FP EUR 0.18 0.18 0.18 -0.81
AGT PW PLN 8.42 8.50 8.50 1.92
KSG PW PLN 4.09 4.14 4.14 -0.48
MLK PW PLN 1.03 1.05 1.05 -1.87
UKR LN GBp 4.50 6.00 5.25 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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