Ukrainian Stocks
Finish Mostly Higher
Speculative
interest was evident in select Ukrainian equities listed abroad. Kyivstar
(KYIV) shares advanced 10% to USD 13.04, while Ferrexpo (FXPO) jumped nearly
22% to GBp 59.4 pence.
In agro names, MHP
(MHPC) and Kernel (KER) shares were unchanged at USD 5.70 and PLN 19.00,
respectively.
The US president
called for Russia and Ukraine to freeze the war along current battle line.
Trump hosted Ukrainian President Volodymyr Zelenskyy at the White House on
Fiday and said there is a chance to conclude the conflict quickly “if
flexibility is shown”. Meanwhile, Ukrainians had hoped to walk out of the
Friday meeting with long-range Tomahawk missiles but exited empty-handed.
U.S. officials
repeatedly brought up the possibility of a territorial swap between Ukraine and
Russia — an idea that Trump had embraced earlier in the year. The front lines
between Russian and Ukrainian forces have largely stagnated over the past year
of the conflict, with neither side gaining significant advantage. Russia
controls about 20% of Ukrainian territory.
On U.S. markets,
volatility was elevated throughout the week before stabilizing on Friday, with
the S&P 500 closing up 1.7% for the week.
Gold continued to trade near record highs, rising almost 14% over the
past month to USD 4,260 an ounce. Ongoing tensions in U.S.–China trade
relations remain the main driver for higher gold prices, though a 62% increase
since the start of the year suggests the metal may now be overbought.
POLITICS AND ECONOMICS
- Ukraine’s FX Reserves
Reach USD 46.5bn at Start of October
full report
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Please contact us by email:
Dmitry Churin, Head of Research,
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