Kyiv-listed equities ended mixed last week amid a generally dry news flow, as business activity began to slow down in the country due to the approach of the summer season. The UX index shed 1.2% to close at 1944 points. Lightweight index component DonbasEnergo (DOEN) plunged by 27% to UAH 17.10 as market players saw a significant delay in the company’s announced modernization of its power unit #6 at Slavyansk Thermal Power Plant. CentrEnergo (CEEN) corrected by 6.3% to UAH 9.00. Raiffeisen Bank Aval (BAVL) declined by 1.6% to 44.10 kopecks ahead of the ex-rights date on Jun 8 for a dividend payout of 3.31 kopecks per share. On the upside, UkrNafta (UNAF) gained 1.9% to UAH 314 and TurboAtom (TATM) added by 1.6% to UAH 8.20. As we reported earlier, the ex-rights date for UkrNafta’s UAH 35.62 dividend per share was set on Jun 11.
In political developments, Parliament approved a bill that restored criminal responsibility for officials who provide false information on their income declarations. According to the bill, for deliberate false declaration, an official can be punished with a fine, public work, or imprisonment for up to two years, if the discrepancy with real income ranges from UAH 1.1mn to UAH 4.5mn. If the discrepancy exceeds UAH 4.5mn, the offender shall face imprisonment for up to two years. The bill is aimed at fighting high-level corruption in Ukraine.
The MHP (MHPC) stock was on a recovery trajectory, rising 12% to USD 5.62 amid overall upward momentum for Ukrainian agro producers. JKX Oil&Gas (JKX) jumped by 27% to GBp 26.00 after the company’s new well in Ukraine produced better output than expected.
Warsaw-listed Astarta (AST) surged by 20% to PLN 52.70 after the company announced a stock buy-back program with a cap price of up to PLN 125 per share.
Kernel (KER) gained 1.9% to PLN 58.90 and low-liquidity Agroton (AGT) also soared by 20% to PLN 7.70.
On the currency front, the hryvnia strengthened notably last week, by 0.8% to 27.28 UAH/USD, with the National Bank forced to intervene via forex purchases in order to prevent a larger UAH appreciation.
POLITICS AND ECONOMICS
- Zelenskiy’s Effort to Stop Nord Stream Pipeline Set to Fail
STOCKS IN THE NEWS
- CEO Vlasenko Claims CentrEnergo Can Erase Massive 1Q Loss by Year-End
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