Ukrainian Equities Rally on International Markets
Shares of Ukrainian companies listed abroad gained over the week. MHP’s (MHPC) stock rose 11.8% to USD 4.85, lifting its market capitalization to USD 519mn.
Sugar maker Astarta (AST) advanced by 6.1% to PLN 39.80 (MCap of USD 240mn).
Ferrexpo (FXPO) saw a sharp 46% surge to GBp 119, bringing its market value to USD 904mn.
The Hryvnia Exchange Rate Finds Support
On the currency front, the hryvnia had a certain boost on the interbank market as the National bank continued to intervene pushing the exchange rate back to 41.40 UAH/USD from a week point of 41.70 UAH/USD at the start of last week. On the cash market the hryvnia gained by 0.2% to 41.75 UAH/USD.
Global Markets Sustain Upward Momentum
Global financial markets extended their bullish trend, bolstered by a robust tech sector. Bitcoin, often regarded as a speculative asset, hit a record high of USD 100,000, fueling risk-on sentiment.
Meanwhile, traders are increasingly optimistic about a rate cut by the U.S. Federal Reserve. The probability of a 25-basis-point cut on December 18 has risen from 70% to 90%. However, projections for the pace of rate reductions in 2025 are being reassessed. Strong U.S. economic data may prompt the Fed to delay further cuts until at least March.
POLITICS AND ECONOMICS
- Trump Says Zelenskiy Wants to “Stop the Madness” after Paris Meeting
- Ukraine’s FX Reserves Return to Level of USD 40bn in November
full reportThe 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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