Mixed Performance Prevail
Ukrainian agricultural stocks remained volatile as traders reacted to conflicting political
signals.
Right now, Ukraine has few options
for reversing Russia’s recent gains on the battlefield. That means that any
deal is likely to involve painful concessions by Ukraine.
The US is
trying to gain access to Ukraine’s critical minerals and other resources as
part of wider negotiations aimed at ending the war in Ukraine. In return,
Ukraine has been pushing for security guarantees.
Kernel’s (KER) shares dropped 4.6%
to PLN 22.65, trimming the company’s market capitalization
to USD 1.7bn. Earlier in the week, the stock had climbed as high as PLN 28.90.
Milkiland (MLK) shares
outperformed, soaring 36% to PLN 3.14 (MCap of USD 25mn), marking their
first time above PLN 3.00 since 2015.
Ferrexpo
(FXPO) was a clear loser for the week tumbling 20% to GBp 77.00 (MCap
of USD 580mn) after news that the company’s main iron ore mine could be
nationalized by the government due to various range of allegations against the
company.
NBU Increases FX Interventions
In the interbank FX market, the
hryvnia held steady at 41.60 per dollar as the central bank spent USD 1.2bn in
reserves to meet elevated demand, nearly doubling the USD 670mn sold the
previous week.
The growing pressure highlights
persistent imbalances in the currency market,
suggesting further devaluation based on fundamentals.
The National Bank has spent USD
5.7bn so far this year in FX interventions.
POLITICS AND ECONOMICS
- Trump-Zelenskiy
Relations Turn Chaotic; Zelenskiy Denies Debt to US
- Ukraine’s Economic
Recovery Slows to 1.5% in January From 1.7% in December
full report
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