Daily Market Review (18-Sep-01) by KINTO Investments & Securities

Ukraine
Analyst: Olena Rotay

IPMON) shares of the second issue. 626,600 common registered shares (18.67% of the planned volume) were sold in one block at par value, UAH 10 ($1.87) (as a reminder, 3,355,700 registered and 150 thousand bearer shares are to be floated by October 30; the company does imports, processing, packaging and salesof tea and coffee). Besides Monomakh, there were insignificant by volume transactions in Kyivenergo (KIEN) (3,000 shares; $1,020), Ukrnafta (UNAF) (149 shares; $514), and Makiyivka Metallurgical Plant (MKKI) (167,805 shares; $377). In contrast to the previous session, Kyivenergo was traded at real market prices (spread limits: max bid - $0.50, min ask - $0.73).

PFTS for the day, September 18:

Company/Sector
Ticker
Last Price, $
Change, %
Daily Volume, $
Tr. Volume, shares
Total Daily Tr. Volume Share, %
Statutory Fund Share, %
MCap, $ m

Energy

Kyivenergo
KIEN
0.51
-49.95
1,020
3,000
0.09
0.00
54.77

Metallurgy

Makiyivka Metallurgical Plant
MKKI
0.002
0.00
377
167,805
0.03
0.01
3.18

Oil & Gas

Ukrnafta
UNAF
3.78
1.00
514
149
0.04
0.00
205.06

Food Industry

Monomakh (second emission IPO)
IPMON
1.87
0.21
1,172,991
626,600
99.84
-
-

Total

1,174,902

100.0

* - the price falls out of the PFTS spread or the amount traded is less than UAH 1,000 (which equals $187.20 at the exchange rate of UAH 5.3419/$1).

DNEN) (-12.5%) and Ukrnafta (UNAF) (-2%), which drove their spreads wider, to 88.57% (+23.57%) for the former, and to 7.09% (+2.14%) for the latter. In spite of this sad moment, Ukrnafta remains the top liquid issue on the market.

Company
Max Bid Price, $
Change, %
Min Ask Price, $
Change, %
Quoted Price, $
Change, %
KINDEX Share, %

Centrenergo
0.06
0.00
0.07
0.00
0.08
0.04
6.94%

Dniproenergo
6.55
-12.50
12.36
0.00
11.55
-0.13
11.35%

Donbasenergo
1.07
0.00
2.40
0.00
1.87
0.00
11.09%

Kyivenergo
0.50
0.00
0.73
0.00
0.58
-0.26
15.62%

Zakhidenergo
1.87
0.00
4.87
0.00
3.43
0.00
10.99%

Ukrnafta
3.67
-2.00
3.93
0.00
3.24
-0.53
44.00%
· - Quoted price is a half-sum of average weighted bids and asks (KINTO calculations).

FLOT) spread (275%, +175%) following a 33.33% plunge in its max bid and a 25% surge in its min ask. We also witnessed a considerable decline in min asks for Stirol (STIR) (-19.29%) and Turboatom (TATM) (-4.89%), although the latter did not fall low enough to erase a 5.14% gain posted the day before. Turboatom also saw its only bid return to the market (unchanged) after being withdrawn a day earlier.

Company
Ticker PFTS
Max Bid Price, $
Change, %
Min Ask Price, $
Change, %
Quoted Price, $
Change, %

Azovstal
AZST
0.01
0.00
0.03
0.00
0.03
0.00

Mariupol Iron & Steel Works
MMKI
0.01
0.00
0.03
0.00
0.03
0.00

Nyzhnodniprovsky Pipe-Rolling Plant
NITR
0.06
0.00
0.70
0.00
0.39
0.00

Zaporizhkoks
ZACO
0.12
0.00
0.15
0.00
0.43
0.00

Zaporizhstal
ZPST
0.03
0.00
0.05
0.00
0.10
0.00

Kyivoblenergo
KOEN
0.01
0.00
0.06
0.00
0.05
0.00

Poltavaoblenergo
POON
0.03
0.00
0.09
0.00
0.07
0.00

Halychyna Oil Refinery
HANZ
0.02
0.00
0.04
0.00
0.03
0.00

Slavutich Brewery
SLAV
3.18
0.00
6.55
0.00
4.75
0.00

Stirol
STIR
1.15
-0.80
1.87
-19.29
1.28
-11.63

Turboatom
TATM
0.04
0.00
0.07
-4.89
0.06
0.00

Ukrrichflot
FLOT
0.75
-33.33
2.81
25.00
1.78
5.56

CEEN)(+0.04%)). The PFTS index lost 1.62% to 48.72.

www.kinto.com