Ukrainian stocks finished mixed last week while the war risks continued to weigh on investors’ sentiments. russia has targeted vital infrastructure with air strikes that have sparked widespread power outages and killed civilians.
Fresh strikes last Wednesday caused the worst damage so far in the nine-month conflict. Millions of Ukrainians have been left with no light, water or heat even as temperatures fell below zero degrees Celsius. On Friday, the UN nuclear watchdog, the IAEA, said Ukraine’s three nuclear plants on government-held territory had been reconnected to the grid, two days after a russian missile barrage forced them to shut for the first time in 40 years. Representatives of Nato countries helping Ukraine’s military say they now see their role as supporting Kyiv to perform strongly militarily, so as to be in the most advantageous possible position when the time eventually comes to negotiate with moscow.
On the Ukrainian Exchange trading remained subdued. However, both CentrEnergo (CEEN) and Raiffeisen Bank (BAVL) gained by about 10% last week to UAH 5.00 and 22.00 kopecks respectively.
Agro names were broadly lower with Astarta (AST) falling 5.2% to PLN 20.90 and Agroton (AGT) dropping by 10.5% to PLN 3.48 per share.
In London trading, Enwell Energy (former Regal) slipped by 5.5% to GBp 25.10 while MHP (MHP) climbed by 1.4% to USD 3.50 after the company reported a solid 18% YoY increase in poultry export in October.
On the currency front, the hryvnia was flat against the dollar at 40.25 UAH/USD on the OTC cash market.
POLITICS AND ECONOMICS
- Zelenskiy Criticizes Klitschko for Inaction after Widespread Kyiv Outages
- National Bank: The Ukrainian banking system maintains stability
The National Bank of Ukraine has opened a special fundraising account to support the Armed Forces of Ukraine. Please find more at the National Bank’s official website under the link below:
www.bank.gov.ua
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