In the stock markets, the beginning of the year was influenced by negative dynamics. In the U.S., the S&P 500 index lost 1.5% over the week, while the composite index for emerging markets fell by 2.1%.
Among individual stocks, Apple shares stood out with a 6.0% decline. Palantir shares also experienced a 6.9% decrease to USD 16.00 after investment bank Jefferies downgraded its recommendations for the company. Palantir’s stock quotes have been on a local negative trend since early December following unmet expectations regarding the inclusion of these shares in the S&P 500 index.
Outperforming the market, Nordic American Tankers securities gained 8.6%, reaching USD 4.56 amid the crisis in the Red Sea, leading to increased tanker lease durations.
Among Ukrainian listed companies there was a mixed performance. Iron ore miner Ferrexpo (FXPO) dropped by 8.3% to GBp 82.8 (MCap of USD 629mn) while poultry producer MHP (MHPC) gained by 4.1% to USD 3.33 per share (USD 356mn).
There was a resumption of trading of Ukrainian natural gas producer Enwell Energy (former Regal) on the London Stock Exchange after the company published its 1H2023 report with a delay. The ENW stock rose from GBp 12.45 to GBp 16.10 (MCap of USD 65mn) after trading resumed in late December. The company reported a net profit of USD 13mn for 1H2023 on sales of USD 33mn.
On the Ukrainian Exchange, both CentrEnergo (CEEN) and Raiffeisen Bank (BAVL) were unchanged at UAH 4.5 (MCap of USD 43mn) and 32 kopecks (MCap of USD 505mn) respectively.
In political news, US President Joe Biden, commenting on the large-scale russian attack on Ukraine on the night of 29-30 December, stressed that Congress needs to approve additional aid for Ukraine as soon as possible.
POLITICS AND ECONOMICS
- Ukraine Starts the Year with Foreign Reserves at USD 40.5bn
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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