Ukrainian Stocks Show Mixed Performance; Kernel Falls Despite Strong Earnings
The shares of major Ukrainian companies listed on foreign exchanges exhibited mixed trends last week. Notably, Kernel’s stock slipped 0.6%, surprising investors despite the release of strong quarterly results. For the July-September period, Kernel posted a net profit of USD 121mn, a significant turnaround from a net loss of USD 31mn during the same period last year. The company’s current market capitalization stands at USD 954mn. Quarterly revenue rose 46% YoY to USD 798mn.
MHP (MHPC) shares saw a relatively neutral market reaction following news of the company’s plans to acquire a Spanish meat producer to boost its EU market expansion. MHP’s market cap rose 1.9% to USD 529mn.
IMC shares outperformed peers, surging 11.5% to PLN 15.95, translating to a market capitalization of USD 130mn.
Milkiland (MLK) also saw a robust gain, with shares climbing 9.7% to PLN 1.24, giving the company a market cap of USD 10mn
S&P 500 Edges Down Amid Correction Fears
In the U.S. equity market, signs of a potential correction emerged as the S&P 500 slipped 0.6%.
Broadcom Hits USD 1 Trillion
Losses in the S&P 500 index were mitigated by new record highs in select technology stocks. Among them, chipmaker Broadcom made headlines as its market capitalization surpassed USD 1 trillion for the first time.
POLITICS AND ECONOMICS
- National Bank Surprises With 50 bps Key Rate Increase to 13.5%
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
Eavex Capital welcomes any questions or comments you may have regarding our research products.
Please contact us by email:
Dmitry Churin, Head of Research, [email protected]
