Quotes for Kyiv-listed equities declined last week amid the shaky behavior of the major global stock markets, with the broad S&P500 index falling 3.3% in the period. The pan-continental Stoxx Europe 600 index and most major Asian benchmarks were also notably in the red. In Ukraine, the UX index shed a moderate 1.0% for the week to close at 1665 points on Friday. Electricity producer CentrEnergo (CEEN) dropped by 3.6% to UAH 8.00, correcting back a bit from its impressive rally seen since November. UkrNafta (UNAF) and Raiffeisen Bank Aval (BAVL) lost 1.0% and 2.2% respectively, with the latter finishing at 45.00 kopecks per share. On the upside, DonbasEnergo (DOEN) added 4.3% to UAH 24.00.
In political news, Ukraine once again appeared in the worldwide headlines after new US President Joseph Biden, among other issues, discussed the problem of Russian aggression in Ukraine during his first call with President Putin. The long list of topics for Biden’s first conversation with Putin indicates the complicated state of relations between Washington and Moscow that has been left over from the previous administration. Biden has often accused his predecessor Donald Trump of being too soft on Russia.
In London trading, companies with main assets in Ukraine were broadly lower, with Ferrexpo (FXPO) giving up 9.6% to close at GBp 286 and MHP (MHPC) slipping 4.2% to USD 6.00. MHP’s report that its poultry sales volume rose by 10% YoY in 4Q20 appeared to have a neutral impact on the stock.
Warsaw-listed Kernel (KER) sat unchanged at PLN 54.60 while Astarta (AST) surged 12% to PLN 39.30 after the company posted a 33% YoY growth in sugar volume sales in 4Q20 amid a 37% YoY jump in the average price in the period. Agroton (AGT) managed to hold its recent gains, edging down just 0.6% to PLN 7.16. The frequently-volatile AGT stock has shot up by 63% since the start of the year.
On the currency front, the hryvnia remained inactive, hovering in a narrow corridor near 28.15 UAH/USD for the third straight week.
POLITICS AND ECONOMICS
- Motor Sich Quagmire Heats Up as Zelenskiy Slaps Sanctions on China’s Skyrizon
STOCKS IN THE NEWS
- MHP Posts Full-Year Poultry Sales Volume Rise of 4% for 2020
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