The Ukrainian Stock Exchange had only two trading sessions last week amid disruptions caused by the so-called “Petya” cyber attack following Wednesday’s Constitution Day holiday. The virus spread across Europe with Ukrainian government and corporate targets at ground zero. Equity trading was halted due to the virus hitting the National Depository. Initially the virus looked like “ransomware” - a piece of malicious software that shuts down a computer system and then demands money to fix the problem - but experts quickly fingered it as an actual cyber-warfare tool. The code reportedly contained “Eternal Blue”, a tool which is widely believed to have been stolen from the US National Security Agency. Ukrainian security officials said state-linked Russian hacker groups were responsible for the attack, a claim that was backed up by international cyber experts, including Russia-based Kaspersky Labs.
The UX index declined by 0.8% to close at 1047 points. DonbasEnergo (DOEN) was the worst-performing blue chip, sliding 2.3% to UAH 12.55 per share. Meanwhile CentrEnergo (CEEN) was inactive at the UAH 10.50 level. UkrNafta (UNAF) lost 4.0% to UAH 117 after the company sold a lower-than-expected volume of oil on the second try of its monthly auction held on Jun 26.
In London trading, Ferrexpo (FXPO) shot up 11.7% to GBp 207 per share on the back of a rebound in the benchmark iron ore prices, which were up by an identical 10% to get back above the USD 60 per tonne level. Warsaw-listed Kernel (KER) slipped 4.3% to PLN 64.85 while Astarta (AST) gained by 2.7% to PLN 65.75.
On the interbank currency market, the hryvnia edged down by 0.2% to bid/ask of UAH/USD 26.07/26.12, with the NBU admitting that it intervened to prevent a sharper decline.
POLITICS AND ECONOMICS
- Macron Says “Few Months” Needed for Minsk Implementation
- Ukraine at Center of European Cyber-Attack
STOCKS IN THE NEWS
- UkrNafta Lowers Oil Price to USD 46/bbl for Jun 26 Auction
full report
Eavex Capital welcomes any questions or comments you may have regarding our research products.
Please contact our office in Kyiv at 380-44-590-5454, or by email:
Alexander Klymchuk, Head of Sales, a.klymchuk@eavex.com.ua
Dmitry Churin, Head of Research, d.churin@eavex.com.ua
