Daily Market Review (19-Nov-01) by KINTO Investments & Securities

Analyst: Olena Rotay

PFTS trading volume on Monday, the 19th of November, increased $1.075 million to $6.911 million. The driving force behind this move were government bonds, which brought virtually all of this amount (98.61% or $6.815 mln.).

NITR) brought the bulk of it ($92,849). Note that the same quantity (as on Friday) of its shares, i.e. 714,848 shares, was sold (but this time in three blocks - one of 94,106 shares, and two of 309,375 shares; not in the one, as the day before) at price of UAH 0.6885 ($0.13) that lost 27.64%.

VINIP) (bearer shares), Zaporizhkoks (ZACO), Monomakh (MONM), and Elektromashbud (EMBD). We would like to mention, that Zaporizhkoks' transaction prices went up (Last Price +43.08%, average transaction price +47.2%), though only the first transaction price ($0.12) was within the market range, meanwhile the rest, including the Last Price ($0.11) were visibly lower than its max bid ($0.12).

PFTS for the day, November 19:

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

Metallurgy

Nyzhnodniprovsky Pipe-Rolling Plant
NITR
0.13
-27.64
92,849
712,856
1.34
1.32
7.02

Zaporizhkoks
ZACO
0.11*
43.08
473
4,049
0.01
0.00
13.54

Machinery

Elektromashbud
EMBD
0.001
-11.92
191
144,000
0.00
0.45
0.04

Food Industry

Monomakh
MONM
2.18
0.05
435
200
0.01
0.06
0.75

Vinnifruit (bearer shares)
VINIP
28.83
0.05
2,162
75
0.03
0.01
16.28

Government Bonds

maturity 25-Nov-02
1126
191.27
0.39
6,815,254
35,631
98.61

Total

6,911,365

100.0

* - the price falls out of the PFTS spread or the amount traded is less than UAH 1,000 (which equals $189.18 at the exchange rate of UAH 5.2860/$).

UNAF) and Zakhidenergo (ZAEN). So, the former welcomed the new max bid (+4.22%). The latter's min ask, which had been withdrawn the day earlier, "came back" unchanged, and, as a result, Zakhidenergo's min ask dropped 3.95%.

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

Centrenergo
0.02
0.05
0.04
0.05
0.05
0.21
5.17%

Dniproenergo
1.89
0.05
6.62
0.05
11.27
0.11
13.12%

Donbasenergo
0.39
0.05
1.04
0.05
1.63
0.05
11.45%

Kyivenergo
0.15
0.05
0.65
0.05
0.46
0.05
14.93%

Zakhidenergo
1.14
0.05
4.54
-3.95
2.96
-3.12
11.22%

Ukrnafta
3.31
4.22
3.69
0.05
2.74
1.19
44.11%

· - Quoted price is a half-sum of average weighted bids and asks (KINTO calculations).

MMKI) dipped 13.29%; 2) Zaporizhkoks' min ask added 2.68%; 3) Zaporizhstal's (ZPST) max bid lost 8.29%, while its min ask rose 1.07%.

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

Azovstal
AZST
0.01
0.05
0.03
0.05
0.03
0.05

Mariupol Iron & Steel Works
MMKI
0.01
0.05
0.02
-13.29
0.02
-9.31

Nyzhnodniprovsky Pipe-Rolling Plant
NITR
0.06
0.05
0.66
0.05
0.38
0.05

Zaporizhkoks
ZACO
0.12
0.05
0.15
2.68
0.38
0.14

Zaporizhstal
ZPST
0.02
-8.29
0.19
1.07
0.10
-0.01

Kyivoblenergo
KOEN
0.01
0.05
0.04
0.05
0.05
0.05

Poltavaoblenergo
POON
0.02
0.05
0.07
0.05
0.07
0.05

Halychyna Oil Refinery
HANZ
0.01
0.05
0.05
0.05
0.03
0.05

Slavutich Brewery
SLAV
3.78
0.05
6.62
0.05
4.83
0.05

Stirol
STIR
0.38
0.05
1.89
0.05
1.07
0.05

Ukrrichflot
FLOT
1.15
0.05
2.65
0.05
1.77
0.05

This time the KINDEX LIQUID slightly increased (+0.2%; 48.75). Ukrnafta was its component that posted the highest gain in the quoted price (+1.19%), and only Zakhidenergo was a decliner (-3.12%).

Company News

(compiled by analyst Vitaliy Ptitsyn)

KOEN)

At the shareholders' meeting, which was held on November 16, the main shareholder - US company AES Washington Holdings B.V., which owns 75% stake, took a decision to refuse collective leadership in favor of one-man management. The shareholders' meeting abolished Kyivoblenergo's management board and delegated all power to the General Director - William Prebil. The name of Kyivoblenergo was also changed at the meeting. Now this Ukrainian power distributor is called A.E.S. Kyivoblenergo.

It has been known that rise in tariff for electric power transmission was one of the conditions of AES Washington Holdings B.V. investments in the Ukrainian power energy. But this issue is not solved yet. In this connection William Prebil announced that AES Washington Holdings B.V. suspended its investment programme till the correspondent decision of the Ukrainian authorities. AES Washington Holdings B.V. intended to invest in Kyivoblenergo $40 mln. These funds were planned to be used for modernization of obsolete power equipment, transmission lines and design for power consumption registration. Currently Kyivoblenergo makes 100% payment for electric power purchased at the energy market.

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