Daily Insight-Hryvnia remains steady, stocks continue uptrend, AgroGeneration IPO raises EUR12m

On Wednesday, the hryvnia remained rangebound on the Ukrainian FX market. According to UkrDealing, trading on the foreign-exchange market opened at 7.96-7.98/USD, the same rate as of Tuesday\'s close, and closed at the same rate, with the strongest point reached during the day at 7.95-7.98/USD. The NBU raised its official exchange rate slightly, to 7.985/USD on Wednesday, and for the seventh day in a row, bought dollars on the FX market, at the rate of 7.98/USD. The hryvnia stayed nearly unchanged on the cash FX market, at 7.9556/USD on bid offers at the domestic interchange stations, and 8.0140/USD on ask offers. Ukraine\'s stock markets continued their upward climb on Wednesday, with the PFTS index rising 0.74%, to end the day at 718.05 points, and the UX stock exchange up 1.08%, to 1,833.28 points. Total turnover on the PFTS was over twice the previous day\'s volume, at US$34.6m (UAH276.3m), which comprised equity trading (6.95% of the total), investment certificates (0.22%), state bonds (92.10%), and corporate bonds (0. 73%). The total amount of securities traded on the UX stock exchange was 1.5x higher than Tuesday, at US$5.9m (UAH46.9m).