On the Ukrainian Exchange, the shares of Raiffeisen Bank (BAVL) decreased by 7.1% to 25 kopecks. Since the beginning of the year, these shares have depreciated by 22% from the mark of 32 kopecks. The main negative factor regarding Raiffeisen Bank shares is the inability of the bank to pay dividends due to regulatory restrictions.
Thermal power electricity producer CentrEnergo (CEEN) gained by 2.9% to UAH 3.60 while Krukiv Wagon (KVBZ) remained unchanged at UAH 14.88 per share.
Ferrexpo (FXPO) extended its downward momentum losing 4.1% to close at GBp 70.2 as the global iron ore benchmark price for 62% Fe decreased from the level of USD 125 to USD 117 per tonne this month.
Natural gas producer Enwell Energy (former Regal Petroleum) advanced by 5.8% to GBp 14.6 after the company reported a reshuffle in its top management. Mr Chris Hopkinson has stepped down as Non-Executive Chairman, and Mr Sergei Glazunov has stepped down as CEO. It is intended that a new CEO will be recruited in due course, and, pending such an appointment, Mr Oleksiy Zayets, the CFO of the Group’s companies in Ukraine, has agreed to act as interim CEO.
Kernel (KER) shares gained 6.7% in price to PLN 12.3 due to the announcement that the delisting of shares from the Warsaw Stock Exchange is postponed until the completion of a legal process initiated by minority shareholders regarding the illegitimacy of such delisting.
Mostly positive dynamics persist on international stock markets. The MSCI Global Index added 0.5% for the week and showed an increase of 6.1% since the beginning of the year.
STOCKS IN THE NEWS
- Kernel’s Sales Drops 15% YoY to USD 1.0bn in Oct-Dec Quarter
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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