Ukrainian Stocks Gain as Stronger Harvest Outlook Boosts Sentiment
Ukrainian stocks traded on foreign exchanges posted gains over the week, supported by an upbeat agricultural outlook. Shares rose after the Agriculture Ministry projected a 5% increase in this year’s grain and oilseed harvest, reaching 80mn tonnes. In monetary terms, agricultural exports are expected to rise by 10%.
In 2024, Ukraine exported USD 24.5bn worth of agricultural products, up 12% from the previous year.
Kernel, one of the country’s largest agro companies, advanced 2.0% to PLN 17.00, valuing the company at USD 1.2bn. Further upside may be limited by the risk of a forced buyout, as the majority shareholder has reached a 95% stake.
Astarta climbed 2.5% to PLN 41.70, bringing its market capitalization to USD 250mn, while MHP remained unchanged at USD 5.38 per share, with a market cap of USD 576mn.
Ferrexpo had a strong week, rallying 4.3% to GBp 110, pushing its market value to USD 822mn.
Hryvnia Strengthens
The hryvnia appreciated 0.9% to 41.82 per USD, extending its recent strengthening trend.
Global Stocks Face Correction on the AI Sell-Off Trade
The MSCI Global index declined by 0.3% over the week and the S&P 500 decreased by 1.0% on fears the big US companies that have feasted on the artificial intelligence (AI) frenzy are threatened by DeepSeek, an AI competitor in China.
POLITICS AND ECONOMICS
- Ukraine Counts on USD 78bn in Direct International Aid in 2025-2027
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