22 January 2017
During last week the best results among Ukrainian public companies were shown by Industrial Milk Company which share price grew by 12%. Astarta added to its market value 5.8%.
Stocks
Largest Ukrainian companies share prices weekly dynamics
Company
Currency
Price
Weekly change, %
Monthly change, %
Capitalization, USD M
MHP
USD
9.0
0.0%
2.9%
951
Kernel
PLN
73.5
-0.5%
12.2%
1 434
Ferrexpo
GBP
129.2
-1.5%
-6.9%
941
Astarta
PLN
63.5
5.8%
18.7%
389
Ovostar
PLN
86.8
2.1%
3.3%
128
IMC
PLN
9.42
12.1%
14.3%
72
Following last week growth, monthly share price gain of the largest Ukrainian sugar producer and exporter - Astarta Holding - made almost 19%, current capitalization of the company stands at USD 389M.
Speaking about IMC (+12% during last week), as it can not be related to relatively liquid stocks traded on WSE, its share price dynamics can be rather volatile even within one or two hours (which happened in the end of the last session on Friday, when price firstly dropped from PLN 9.44 per share to PLN 9.1 and then rebounded again, closing the week at PLN 9.42). Current share price of Industrial Milk Company is at its maximum since H1 2014 (it is the case for the other largest Ukrainian companies traded on WSE – Astarta (the highest price since the beginning of Y2014) and Kernel (close to maximum since Y2012)).
Share price of Kernel, which demonstrated good dynamics in the beginning of Y2017, after reaching the level of PLN 75.6 in the middle of the week, in the end consolidated at about PLN 73.5 per share (small weekly change). In the nearest future the company is to realize its first Eurobonds issue. Kernel announced a roadshow, in frames of which it is to hold an investor call on Monday, January 23.
Commodities
Supported by the news about further capacity cuts, steel prices in China slightly grew during last week, supporting iron ore price as well (spot iron ore benchmark index reached its highest level since October’14 on Monday (USD 83.65/t) before declined to about USD 81/t in the end of the week).
As for agricultural commodities, corn and soybeans on CME (Chicago Mercantile Exchange) added vs. previous week 3-4%, increasing to the highest levels since July’16, which should support local prices in Ukrainian ports as well. During last week corn traded on CPT terms at USD 152-155/t, wheat – USD 154-166/t (depending on quality), soybeans – USD 375/t, sunflower oil – USD 745-750/t. Sugar is relatively stable at USD 540/t (London market).
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