Log in with an existing account
Forgot your password? | Register
Ukraine Exchange - The first exchange in Ukraine with direct market access and internet-trading
Register Login
Sunday, 24.09.2023 23:47
Українська Українська
For Investors
For Brokers
Securities Market
Derivatives Market
Exchange Members
Market Data
Technical Support
About Us
E-mail Subscription

Analytics and Market news

Monday, 3 April 2023

Ukraine Weekly Market Monitor

Eavex Capital

The Ukrainian Exchange Index saw an unjustified spike of 42% to a mark of 2138 points last week, following a fat-finger trade of Kernel (KER) shares at a price of UAH 544 (PLN 64). This accidental trade heavily impacted the index, as Kernel shares hold a 50% weight in the index basket. The KER stock continued to trade on the Warsaw Stock Exchange at PLN 18.45 after the company’s largest shareholder made a buyout offer at PLN 18.50. The decision to delist Kernel from the exchange may be announced on April 13.

Among other stocks, indicative quotes for CentrEnergo (CEEN) fell 7% to UAH 4.37, and Turboatom (TATM) declined 5% to UAH 3.00.

The Finance Ministry raised UAH 17.4bn from the placement of domestic government bonds. The main revenue came from the sale of foreign currency bonds with a maturity in September at an annual rate of 4.75%. Foreign currency bonds with a maturity in December were issued at a yield of 4.85%. Therefore, we see that the Finance Ministry had to increase the yield on foreign currency domestic bonds from the previous level of 4.25% to attract the necessary proceeds to the national budget.

Meanwhile, the IMF has finally approved a new four-year program for Ukraine worth USD 15.6bn. The first tranche, expected this month, will be USD 2.7bn and will go towards directly covering the country’s budget deficit.

On the currency cash market, the dollar exchange rate decreased by 2.0% over the week to 37.55 UAH/USD. There was also some improvement on the interbank market, allowing the National Bank to reduce the sale of the hard currency from reserves to USD 340mn. Since the start of the year, the regulator has already sold USD 7.2bn from its FX reserves to balance supply and demand on the currency market.


- Ukraine’s Creditor Countries Delay Debt Repayment Until 2027, Prompting Investors to Consider Similar Move on Eurobonds

The National Bank of Ukraine has opened a special fundraising account to support the Armed Forces of Ukraine. Please find more at the National Bank’s official website under the link below:


full report

Eavex Capital welcomes any questions or comments you may have regarding our research products.
Please contact us by email:

Dmitry Churin, Head of Research, [email protected]

Copyright © Ukrainian Exchange, 2008-2023. All the rights for the information and analytical materials published on this website are protected in compliance with the ukrainian legislation.
Direct Market Access services are provided by the trading participants of the Ukrainian Exchange.
Tel: +38 (044) 495-7474. E-mail: info@ux.ua
Address: Tropinina Street, 7-g, Kyiv, 04107, Ukraine