Ukrainian equity market: Key trends in 2012-2013
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Transcript of Ukrainian equity market: Key trends in 2012-2013
Ukrainian equity market:Key trends in 2012-2013
Royko Michael, the President of investment fundsRoyko Igor, PhD cand. of the financial market’s chair, KNEU,
Asset manager, PJSC asset management company «Amadeus»
Ukrainian stock indices were among the top losers in 2012
-80.0%
-60.0%
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
80.0%
-60.8%
-38.5%-34.8%
7.8% 7.4% 9.2% 10.5%12.3%
22.1%22.7%25.7%30.9%33.4%
58.4%
Chart Title
CSI 3
00
PFTS
Sloven
ia T
M
Niger
ia S
E
Banglades
h DS
Bovespa S
I
Bombay B
SE 30
RTS
MIC
EX
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
140.00%
160.00%
180.00%
200.00%
179.75%
135.41%
96.90%87.17% 86.19%
72.44%65.23%
19.18%11.54%
PFTS index was the 2nd among the top gainers in 2007
ISEX
PFTSRTS
MIC
EX
CSI300
BSE 30
DAX
BOVESPA
S&P 5
00
DJ 30
-100.0%
-90.0%
-80.0%
-70.0%
-60.0%
-50.0%
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
-89.9%
-74.3% -72.3%-67.3% -65.8%
-52.8%
-41.7% -41.1% -39.8%-35.1%
PFTS index was the 2nd among the top losers in 2008
Ukrainian stock indices were among the top losers in 2011
PFTS index dynamics during 2001-2013
0
200
400
600
800
1000
1200
1400
42.6585.43 101.87
260.13
352.97
498.86
1174.02
1208.61
301.91
199.12
572.91
975.08
1141.51
534.43
328.69
309.78
27.06.2013 309,78
28.12.2012 328,69
30.12.2011 534,43
15.02.2011 1141,51
31.12.2010 975,0831.12.2009 572,91
06.03.2009 199,12
30.12.2008 301,91
15.01.2008 1208,61
28.12.2007 1174,02
29.12.2006 498,86
30.12.2005 352,97
31.12.2004 260,13
17.02.2004 101,87
31.12.2003 85,43
29.12.2001 42,65
UX index dynamics during 2008-2013 (by the 26.03.2008 – calculated)
0
500
1000
1500
2000
2500
3000
3500
2935
759.63
444.64500
1006.62
1455.47
2551.72
1447.42
1957.03
2443.7
2893.81
2311.87
1442.73
1458.87
967950.56
866.47
Chart Title27.06.2013 866,47
28.12.2012 950,56
27.06.2012 967
30.12.2011 1458,87
30.09.2011 1442,73
30.06.2011 2311,87
21.02.2011 2893,81
31.12.2010 2443,7
30.09.2010 1957,03
25.05.2010 1447,42
30.04.2010 2551,72
31.12.2009 1455,47
30.06.2009 1006,62
26.03.2009 500
03.03.2009 444,64
30.12.2008 759,63
15.01.2008 2935
Market capitalization of companies admitted to trading UX&PFTS(% of Ukrainian GDP) during 2007-2012
2007 2008 2009 2010 2011 20120.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
78.22%
19.09%22.56%
37.25%
14.99% 15.91%
PSE61%
UX19%
PFTS14%
KISE4%
Perspektiva SE1%
EESE1%
UISE1%
PSE UX PFTS KISE Perspektiva SEEESE UISE UKRSE UICE INNEX
PSE UX PFTS KISE Perspektiva EESE UISE UKRSE UICE INNEX
184, 258 58, 210 41, 854 11, 372 3, 481 2, 626 1, 599 0 0 0
The market capitalization of the Ukrainian listings in 2012 - 303 billion UAH
PSE65%
PFTS16%
UX12%
KISE5%
Perspektiva SE1%
EESE1%
UISE1%
PSE PFTS UX KISE Perspektiva SEEESE UISE UKRSE UICE INNEX
The market capitalization of the Ukrainian listings, first half 2013 - 374 billion UAH
PSE PFTS UX KISE Perspektiva EESE UISE UKRSE UICE INNEX
241,266 59,659 45,565 17,611 3,498 2,996 2,987 0,000 0,000 0,000
Number of Ukrainian listings in 2012-2013
Level 1 Level 2 ListingPSE 0 29 29UX 1 16 17PFTS 0 42 42KISE 0 18 18Perspektiva 0 8 8UISE 0 4 4EESE 0 3 3INNEX 0 0 0UKRSE 0 0 0UICE 0 0 0
1 120 121
Level 1 Level 2 ListingPFTS 5 40 45UX 8 10 18PSE 0 31 31KISE 0 22 22Perspektiva 0 8 8UISE 0 4 4EESE 0 2 2INNEX 0 0 0UKRSE 0 0 0UICE 0 0 0
13 117 130
20132012
Cross listing UX & PFTSUX PFTS
AZST 2 1BAVL 1 2DOEN 1 2ENMZ 2 2MSICH 1 1UNAF 1 2UTLM 1 2
UX PFTSMSICH 1 2AZST 2 2BAVL 2 2DOEN 2 2ENMZ 2 2GRIU 2 2SVGZ 2 2UNAF 2 2UTLM 2 2
UX Value of share trading during 2009-2013, billion UAH
2009 2010 2011 2012 1/20130.000
2.000
4.000
6.000
8.000
10.000
12.000
14.000
16.000
18.000
20.000
2.626
15.162
17.323
2.581
0.5520.3251.440
1.925
0.6670.438
EOB Off EOB
UX number of shares trades,during 2009-2013
2009 2010 2011 2012 1/20130
200,000
400,000
600,000
800,000
1,000,000
1,200,000
122,188
772,883
976,480
453,493
162,090
3,519 13,420 13,950 13,927 13,066
EOB Off EOB
UX average value of share trade,during 2010-2013, UAH
2009 2010 2011 2012 1/20130
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
21,492 19,61817,740
5,691 3,405
92,426
107,315
138,016
47,862
33,528
EOB Off EOB
UX average daily shares turnoverduring 2009-2013, ths.UAH
2009 2010 2011 2012 1/20130
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
10,988
61,886
69,291
10,3654,718
1,3615,878 7,701
2,677 3,744
EOB Off EOB
The value of share trading in 2012, mln.UAH
UX PFTS0
500
1,000
1,500
2,000
2,500
3,000
2,581
407
667
137
EOB Off EOB
Average value of share’s trades,
in 2012, UAH
Number of trades in equity shares
in 2012, ths.
UX PFTS0
50000
100000
150000
200000
250000
5,691
32,78447,862
231,960
EOB Off EOB
UX PFTS0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
500.00453.49
12.4013.93 5.90
EOB Off EOB
Thank you for your attention!
Contacts:phone/fax: (044) 220 12 80 [email protected]
www.amadeusua.com