Ukrainian Stocks End Mixed
Global equities extended gains, with the MSCI World Index advancing 1.0% after the Federal Reserve delivered its first rate cut of the year. Momentum traders continued to chase the most speculative corners of the market, with quantum computing stocks among the biggest beneficiaries. Shares of Rigetti Computing surged 49% over the past five sessions.
Among stocks of Ukrainian companies, performance was mixed. IMC dropped 3.8% to PLN 25.50, giving the agribusiness a market capitalization of USD 249mn. Ferrexpo (FXPO) climbed 7.9% to GBp 54.7, lifting its market cap to USD 442mn. MHP (MHPC) was little changed at USD 5.60, valuing the poultry producer at USD 599mn.
In the war developments, Polish and allied military aircraft were scrambled early Saturday after Russia launched a massive aerial assault on Ukraine including strikes that targeted near its western border with Poland.
It came hours after NATO intercepted three Russian jets over Estonia’s airspace and with Europe on heightened alert following a series of Russian airspace violations in eastern countries.
Russia launched 579 attack drones and various types of dummy drones at Ukraine overnight into Saturday, Kyiv’s Air Force said. Moscow also launched eight ballistic missiles and 32 cruise missiles in the attack, it said.
Russian drones violated both Polish and Romanian airspace earlier this month – prompting NATO allies to pledge to beef up defenses on the bloc’s eastern flank.
Also earlier this month, NATO fighter jets shot down multiple Russian drones that violated Polish airspace during an attack on Ukraine.
POLITICS AND ECONOMICS
- Zelenskiy Trust Rating Stabilizes after August Decline
- Ukraine’s Budget Deficit Seen at 18.4% of GDP in 2026, External Financing Needs at USD 44bn
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