The Ukrainian stock market saw little action last week, with quotes for the blue chips UkrNafta (UNAF) and Raiffeisen Bank Aval (BAVL) remaining flat at UAH 300 and 45 kopecks respectively. In the second division, Krukiv Wagon (KVBZ) advanced by 6.8% to UAH 20.30 while TurboAtom (TATM) slid 7.8% to UAH 7.10. The heavyweight UX index component CentrEnergo (CEEN) declined by 1.0% to UAH 9.50. As a result, the UX index edged down by 0.6% to 1930 points.
Among statistical data, there was a report that Ukraine’s natural gas extraction decreased by 4.0% YoY to 9.75bn cubic meters (cu-m) in 1H21. UkrNafta’s natural gas output dropped by 7.3% YoY to 542mn cu-m in the period.
On the London Stock Exchange, MHP (MHPC) shed 0.4% to USD 5.58 per share ahead of the company’s operational report due on Jul 21. Ferrexpo (FXPO) edged up by 1.5% to GBp 443 despite the negative news that Ukraine’s State Bureau of Investigations has put Constantine Zhevago, the controlling shareholder of Ferrexpo, on an international wanted list. The bureau said that Zhevago, the owner of Finance & Credit Bank, is wanted on suspicion of embezzlement and money laundering in connection with the disappearance of USD 113mn from the now-defunct lender.
In Warsaw trading, Ukrainian agro stocks were on a local downward move, with top liquid issue Kernel (KER) decreasing by 4.4% to PLN 51.80. Sugar maker Astarta (AST) also dropped by 3.3% to PLN 46.40.
On the interbank market, the hryvnia gained 0.3% to close at 27.24 UAH/USD as exporters were selling hard currencies to pay taxes for 2Q.
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