The Ukrainian Exchange announced that it will resume trading in the near future, after operations were halted in July following the Securities and Stock Market Commission’s decision to revoke its license. Simultaneously, the exchange will continue to challenge the regulator’s decision in court.
According to data from the Securities Commission, trading volumes in Ukraine’s capital markets amounted to UAH 35.8bn over the past week, with UAH 13.4bn traded on organized markets.
Among Ukrainian companies listed on foreign exchanges, Ferrexpo (FXPO) shares saw the largest weekly gain, rising 20% to GBp 47.9 (MCap of USD 384mn) amid strong investor interest in the metallurgical sector following China’s stimulus announcements. Economic developments in China, the world’s second-largest economy, typically set the tone for global steel and iron ore prices.
Ukrainian large sugar maker Astarta (AST) surged by 5.7% to PLN 31.70 (MCap of USD 202mn) while MHP (MHPC) declined by 0.7% to USD 4.02 per share (MCap of USD 430mn).
Meanwhile, the euphoria continued on Wall Street. The S&P 500 rose 0.6% over the week, hitting fresh record highs. The index is now delivering its strongest January-to-September performance since 1997. Over the past month, the S&P 500 has posted positive returns for three consecutive weeks, which could prompt a technical correction in the upcoming sessions.
Among individual stocks, Microsoft saw a 1.6% decline (MCap of USD 3.2 trillion), while highly speculative NVIDIA shares rose by 4% (MCap USD 3.0 trillion).
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