15 October 2016
Stocks
Largest Ukrainian companies share prices weekly dynamics
Company
Currency
Price
Weekly change, %
Price, USD
Weekly change, %
MHP
USD
9.3
2.2%
9.3
2.2%
Kernel
PLN
59.7
0.0%
15.23
-2.3%
Ferrexpo
GBP
97.75
20.7%
118.13
17.5%
Astarta
PLN
53.62
1.2%
13.68
-1.2%
Ovostar
PLN
90.01
-2.2%
22.96
-4.5%
IMC
PLN
6.71
-0.3%
1.71
-2.8%
Ferrexpo became the winner of the weak among largest Ukrainian public companies. Share price of Ukrainian pellets producer surged by 20% in GBP terms, as in a view of stable operations and favorable market conditions (please see below), investors become more positive on future prospects of the company.
WIG-Ukraine index (index of Ukrainian companies traded on WSE) remained almost unchanged vs. previous weak close at 513.9, as shares of two companies, which account for 80% of index value in equal shares (Kernel and Astarta) showed low volatility and finished the week without much change. In general value of WIG-Ukraine index is close to 52-week highs of 530 shown in the beginning of August.
Commodities
Local prices on main agri-commodities in Ukraine remained relatively flat during last weak with slight growth for wheat and decline for corn (current CPT corn price at about USD 143-145 per 1 ton). Sunflower oil CPT price is at about USD 740-745/t, soybeans – USD 365/t.
Iron ore benchmark index (62% Fe CFR China) remained in USD 55-58 per 1 ton range, while pellet premiums in China continued their growth (at the moment at about USD 40/t, according to our estimations growth of premiums was related to surging coal prices in China), which is highly favorable for Ferrexpo.
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