Ukrainian economic activity continued to slow down amid the deficit of
electricity as a result of russian missile attacks on Ukrainian civil
infrastructure. The war that moscow started remained in the hot phase. The
kremlin wants Kyiv to acknowledge russia’s annexation of southern and eastern
regions. Ukraine says every russian soldier must leave its territory, including
Crimea, which russia annexed in 2014. Meanwhile, Ukrainian military commander
warned that russia may again attempt to seize Kyiv after invading from belarus
in the north, potentially around the late February anniversary of when the
kremlin first ordered his troops to invade.
On the Ukrainian Exchange, there was a rise of 1.7% for the UX index
after Kernel (KER) and Krukiv Wagon (KVBZ) were included to the index basket
from Dec 15. Raiffeisen Bank (BAVL) was the growth leader gaining by 15% to
26.5 kopecks per share. On the downside, CentrEnergo (CEEN) dropped by 6.6% to
UAH 3.80.
Ukrainian equities listed in Warsaw were broadly lower with Astarta
(AST) declining by 1.2% to PLN 20.50 and Kernel (KER) falling by 1.4% to PLN
17.50.
In London trading, natural gas producer Enwell Energy (former Regal)
plunged by 25% to GBp 16.30 after the company’s majority owner Vadym Novinsky
was included in the Ukrainian sanction list. There is a risk that Enwell might
lose its licences. However, no precise information was unveiled by the company
in its statement regarding the Novinsky situation.
On the currency front, the hryvnia was
traded at 40.00 UAH/USD on the OTC cash market. Information that the country’s
foreign currency reserves grew to USD 28bn for the first time since February,
when the russian invasion began, was supportive for the hryvnia.
STOCKS IN THE NEWS
- Kernel Reports 40% Drop in EBITDA to USD 168mn
in Jul-Sept
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
full report
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