Market overview

MHP, Astarta Fall on Export Woes as Kyivstar Gains; Ferrexpo Resumes Trading

Shares of Ukrainian agricultural companies remained under pressure amid continued problems with grain exports from Ukraine. MHP (MHPC) stock fell 2.0% over the week to USD 6.96, giving the company a market capitalization of USD 745mn, while Astarta (AST) shares declined 4.0% to PLN 39.50, valuing the company at USD 266mn.

Kyivstar (KYIV) shares traded on the New York Stock Exchange rose 5.0% to USD 14.11, lifting the company’s market capitalization to USD 3.26bn. The stock is up 8.9% since the start of the year.

Trading in Ferrexpo (FXPO) shares resumed today after being suspended since May because the company had not published its 2025 financial statements. Ferrexpo has now released the report and announced a share issue to raise funds for ongoing operations. The new shares were issued at GBp 16.5 pence, about 43% below the GBp 28.6 price at which trading was suspended in May.

Indicative prices for Ukrainian sovereign Eurobonds rose an average 1.0% over the week, remaining within a relatively narrow range in recent months. The Ukraine-2036 bond gained 1.2% to 66.8 cents on the dollar, implying a yield to maturity of 12.4%. The Ukraine-2029 issue rose 0.6% to 85.7 cents, with an implied yield of 13.4%.