The UX index edged up by 0.6% to 1967 points amid mixed trading last week in Kyiv-listed stocks. Quotes for domestic electricity producers demonstrated a notable rise after the National Energy Regulatory Commission (NERC) decided to ban electricity imports from Russia and Belarus until October. CentrEnergo (CEEN) advanced by 5.5% to UAH 9.60 and DonbasEnergo (DOEN) gained 6.8% to UAH 23.50.
UkrNafta (UNAF) was little-changed at UAH 308 per share amid complaints about the company’s apparent refusal to pay out part of last year’s profit to minority shareholders. On the downside, Raiffeisen Bank Aval (BAVL) shed 2.6% to 44.80 kopecks. Heavy machinery producer TurboAtom (TATM) declined by 3.9% to UAH 8.10 after a court ruling that forbade the company to pay an additional dividend of 72 kopecks per share from its FY18 profit to minority shareholders. Meanwhile, TurboAtom declared dividends of 37 kopecks and 27 kopecks from FY19 and FY20 respectively. The ex-rights date for the dividends was set on Jun 7.
In London trading, MHP (MHPC) saw some recovery, adding 3.5% to get back to the USD 5.00 level. Enwell Energy (formerly Regal) rose by 5.1% to GBp 20.70. Iron ore miner Ferrexpo (FXPO) corrected further by 3.2% to GBp 448 on clear profit-taking after the stock touched its 10-year closing high of GBp 501 back on May 12 amid this year’s massive rally.
Warsaw-listed Kernel (KER) gained 6.1% to PLN 57.80, although the company did not beat expectations with its profit result for the Jan-Mar quarter. Kernel posted a rather small net profit of USD 16mn for the reported period. However, the company’s net profit for the first 9 months of its reporting year jumped by 4.6x to USD 348mn, which translates into EPS of PLN 15.20.
On the currency front, the hryvnia edged down by 0.3% over the week to close at 27.51 UAH/USD on Friday.
POLITICS AND ECONOMICS
- Dragon Capital’s Fiala Buys Ukrayinska Pravda Media Outlet
- Ukraine’s Industrial Production Jumps 13% YoY in April On Low Comparison Base
STOCKS IN THE NEWS
- Kernel’s EBITDA Rises 7% YoY to USD 111mn in Jan-Mar Quarter
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