On the Ukrainian Exchange, the main stocks finished mixed over the week.
In particular, the quotes of CentrEnergo (CEEN) increased by 6.0% to UAH 5.06,
while shares of Krukiv Wagon (KVBZ) saw a decline of 8.3% to UAH 22.0.
Raiffeisen Bank (BAVL) remained unchanged at 30 kopecks per share.
The shares of Kernel (KER), traded on the Warsaw Stock Exchange, fell by
11% to a new multi-year low of PLN 15.3 last week, as the delisting of these
shares from the exchange is scheduled to take place in the coming month.
London-listed MHP (MHPC) rose by 10% to USD 3.75 after the company
demonstrated decent financial results for the first quarter. MHP reported a net
profit of USD 49mn on revenues of USD 746mn for the quarter.
The cash exchange rate of the hryvnia strengthened by 0.4% to 37.36
UAH/USD over the week. Since the beginning of the year, the hryvnia has already
appreciated by 8.0% on the cash market while the official exchange rate
remained fixed at 36.57 UAH/USD.
On the political front, an agreement has been reached to extend a deal
that allows the grain to be exported from Ukrainian ports in the Black Sea. The
grain deal had been extended until July 18. russia had previously threatened to
pull out of the deal, complaining about a related agreement with the UN to
facilitate shipments of russian grain and fertilizers. Ukraine and russia
together account for nearly a third of global wheat exports. The countries are
also among the top three global exporters of barley, maize, rapeseed oil and
The benchmark global food prices had fallen by about 20% since hitting
all-time highs in March 2022 amid the full-scale invasion of Ukraine.
STOCKS IN THE NEWS
- MHP Posts Net Profit of USD 49mn in
1Q23 as EBITDA Rises by 2.7x YoY to USD 117mn
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:
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Dmitry Churin, Head of Research,