Log in with an existing account
Login:
Password:
Forgot your password? | Register
Ukraine Exchange - The first exchange in Ukraine with direct market access and internet-trading
Register Login
Friday, 01.03.2024 10:20
Українська Українська
For Investors
For Brokers
Securities Market
Derivatives Market
Exchange Members
Market Data
Index
Technical Support
About Us
News
E-mail Subscription

Analytics and Market news

Monday, 12 February 2024

Ukraine Weekly Market Monitor

Eavex Capital

Among Ukrainian company stocks, notable growth of 2.7% was observed in quotes of MHP (MHPC) reaching USD 3.40 (MCap of USD 364mn). Conversely, Astarta (AST) shares performed poorly, plummeting by 6.1% to PLN 30.25  (MCap of USD 184mn).

On the Ukrainian Exchange, Raiffeisen Bank (BAVL) declined by 3.3% to 29 kopecks (MCap of USD 469mn). The BAVL stock has slipped by 9.4% this year. CentrEnergo (CEEN) remained unchanged at UAH 4.00 per share (MCap of USD 39mn).

The hryvnia was flat on the cash market last year trading at 38.05 UAH/USD while the official exchange rate stood at 37.62 UAH/USD. The National Bank reported that the country’s FX reserves decreased by USD 2.0bn to USD 38.5bn in January.

Overall, global stock markets continue to demonstrate bullish market indicators. Specifically, the S&P 500 index surpassed the technical barrier of 5,000 points, adding +1.4% over the week. Year-to-date, S&P 500 shows a +5.4% gain. For comparison, the MSCI Global rose by +0.9% over the week and +2.8% since the beginning of the year.

The most significant growth is observed in the technology sector stocks. For instance, amidst the boom surrounding artificial intelligence, ARM  Holding’s stock surged by 50% last week (MCap of USD 118bn). ARM Holding conducted its IPO in September 2023, initially valued by investors at only USD 60bn.

The S&P 500 index has been in a local uptrend since late October. It is not excluded that there will be a certain correction in the stock market in the next two weeks.

POLITICS AND ECONOMICS

- US Senate Moves Closer to Ukraine Aid Approval; Biden’s 2024 Path Uncertain

- Ukraine Starts The Year With Moderate Inflation of 4.7% YoY in January

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:

www.bank.gov.ua


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, 2008-2024. 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