Ukrainian Equities
Mostly Lower
Most Ukrainian
stocks listed on foreign exchanges posted losses for the week. Shares of
Astarta (AST) and MHP (MHPC) each fell 4.0%, while IMC dropped 7.5%.
Natural gas
producer Enwell Energy (ENW) dropped by 3.1% to close at GBp 15.50. The ENW
stock slipped by 30% since the start of the year amid the company’s problems
with its production licences.
Kernel (KER) stock
bucked the trend, edging up 0.4% to PLN 18.1, despite weak quarterly results.
The company reported a 39% year-on-year drop in grain export volumes for
April–June, falling to 1 million tonnes.
In domestic
politics, Ukraine has seen the first major anti-government protests since the
start of Russia’s full-scale invasion over three years ago, as a move by
President Volodymyr Zelensky to curb anti-corruption agencies sparked fury
across the nation.
Defiant crowds
gathered in the capital Kyiv on Tuesday (Jul 22), as well as Lviv in the west,
with smaller groups gathering in Dnipro in the east and Odesa in the south,
after Ukraine’s Parliament approved a bill that grants oversight of two key
anti-corruption agencies to the prosecutor general, a politically appointed
figure.
US Equities: S&P 500 Hits New Highs on Trade Optimism
The S&P 500
reached fresh record highs after traders welcomed news of a trade deal between
the US and Japan. The agreement was seen as a partial win for President Trump’s
aggressive tariff strategy and boosted market hopes for similar progress in
talks with the European Union.
Among individual
names, Palantir rose 3.5%, while Tesla fell 5.5% after reporting a
disappointing quarterly earnings release.
POLITICS AND ECONOMICS
- Ukraine’s Central Bank Holds Key Rate at 15.5%, Signals Easing Ahead
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