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 curve moved 1pt higher amid increased discussions about using CBR assets principal for Ukraine. Quasi-sovereigns were marked 50c lower as selling there still failed to clear. Corporates were all unchanged except Metinvest, which continued looking for a level consistent with the pre-announced restructuring.

  • Equities

    Foreign-listed stocks traded mixed yesterday, with the KP-Dragon index closing 2% higher. FXPO outperformed — up 5.5% to GBp 53.5 on a volume of $1.2m, MHPC jumped by 3.2% on tiny turnover, and KER finished 2.7% higher. KYIV lost 2.5%, closing at $10.68 in $8.4m, while AST fell 1.8%, closing below PLN 45 on small volume. With mixed global markets, we expect Ukrainian equities to trade sideways today.

Ticker Currency Bid Ask Close 1D, %
FXPO LN GBp 53.4 53.5 53.5 5.5
MHPC LI USD 5.64 5.76 5.76 3.2
KER PW PLN 18.5 18.7 18.7 2.8
IMC PW PLN 26.5 27.2 27.2 2.6
AST PW PLN 44.25 44.75 44.75 -1.8
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 44.25 44.75 44.75 -1.8
IMC PW PLN 26.5 27.2 27.2 2.6
KER PW PLN 18.5 18.7 18.7 2.8
MHPC LI USD 5.64 5.76 5.76 3.2
FXPO LN GBp 53.4 53.5 53.5 5.5
Ticker Currency Close 1D, % Volume
Name Close 1D, % 1M, % YTD, %
SPX 6609.51 0.38 2.48 12.38
PFTS 463.18 0.00 0.00 -7.87
DAX 23748.86 0.21 -2.51 19.29
FTSE100 9277.03 -0.07 1.51 13.51
KP-Dragon 1,925.35 -2.11 -7.69 11.27
Name Close 1D, % 1M, % YTD, %
CDX.EM 98.27881 0.00 0.25 1.35
5-year UST 100.09375 0.00 0.00 0.00
10-year UST 101.734375 0.00 0.00 0.00
6M USD LIBOR 4.68213 -0.17 -8.86 -16.18
12M USD LIBOR 6.04143 1.36 5.43 10.20
Ukraine A29 63.0 0.80 -5.62 -9.68
Ukraine A36 51.0 0.99 -7.69 -6.42
Ukraine B36 48.75 1.04 -15.22 -17.72
EMBI+ Ukraine 1,134.00 0.62 16.07 47.01
CEMBI Ukraine 1,212.81 -0.11 5.92 11.46
Name Close 1D, % 1M, % YTD, %
UAH:USD (NBU) 41.23 0.13 0.26 1.93
UAH:EUR (NBU) 48.5 -0.21 -0.39 -9.92
USD:GBP 1.36 0.39 0.41 8.73
USD:EUR 1.18 0.26 0.53 13.63
PLN:USD 3.61 0.37 0.77 14.36
Name Close 1D, % 1M, % YTD, %
WTI Crude Oil ($/bbl) 62.69 0.51 -0.76 -12.59
Corn ($/t) 157.1 0.00 7.40 -12.98
Wheat ($/t) 184.8 0.00 -0.40 -8.79
Sugar ($/t) 348.2 -0.19 -6.79 -18.02
Ticker Currency Bid Ask Close 1D, %
AST PW PLN 44.25 44.75 44.75 -1.76
FXPO LN GBp 53.40 53.50 53.50 5.52
IMC PW PLN 26.50 27.20 27.20 2.64
KER PW PLN 18.50 18.70 18.70 2.75
MHPC LI USD 5.64 5.76 5.76 3.23
Ticker Currency Bid Ask Close 1D, %
Ticker Currency Bid Ask Close 1D, %

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