Issue: № 12, 2024
Doi: https://doi.org/10.37634/efp.2024.12.4
Introduction. The formation of the stock market of Ukraine was initiated by the introduction of key laws. At the same time, the first Ukrainian shares and the first securities traders appeared, the formation of information and statistical data began, which makes it possible. To analyze the current state of the stock market, to study its trends and areas of support for the sustainable development of economic sectors. The purpose of the paper is to study the peculiarities of the functioning of the domestic stock market in modern conditions. Results. The formation of the stock market of Ukraine was initiated by the introduction of key laws. At the same time, the first Ukrainian shares and the first securities traders appeared, the formation of informational and statistical data began, thanks to which it is possible to study the main trends of the functioning of the stock market. According to Market Classification MSCI research, the Ukrainian stock market belongs to the group of countries with a low level of stock market development. The Ukrainian stock market is mainly represented by the debt segment. With the beginning of the full-scale russian invasion of Ukraine, operations on the stock market were suspended. Financial contracts were concluded individually for five months, which prevented actions that could destroy the market. In that period, the main instrument on the stock market was bonds of the domestic state loan of Ukraine. The resumption of the functioning of the stock market was marked by a slow increase in the volume of financial contracts. During the ten months of 2024, the state of the stock market continues to be characterized mainly by transactions with debt securities, we observe a slight increase in the number of contracts on the stock market. Statistics on stock market instruments do not contain information on such a financial instrument as a promissory note, but its use is appropriate in securing and supporting the agricultural sector. Conclusion. Тhe stock market is mainly characterized by the debt segment in the form of OVDP; ten months of 2024 are characterized by positive dynamics of the volume of exchange contracts with securities; certain steps are being taken on the stock market to support the state and sectors of the economy; a negative feature of the domestic stock market is the lack of infrastructure for attracting foreign investors; Ukrainian companies choose foreign markets with higher liquidity and availability of capital.
Keywords : stock market, domestic state loan bonds, financial instruments, agrarian note
References:
1. Mozhovyi O.M. Batorshyna A.F., Stock market. Kyiv, 2013. 537 p. (in Ukrainian).
2. Krasnova I.V. Stock market in Ukraine: state and prospects of development. 2014. № 1. pp. 129–134. (in Ukrainian).
3. Tretiakova O.V., Kharabara V.M., Hreshko R.I. The stock market of Ukraine: features of functioning in modern conditions. Economy and state. 2020. № 5. pp. 103–107. (in Ukrainian).
4. Matseliukh N.P. Stock market development indicators and challenges for Ukraine. Economic Bulletin. Series: finance, accounting, taxation. 2019. № 3. pp. 144–154. (in Ukrainian).
5. Ukrainian government bonds were included in the global index for the first time. Financial Club. URL: https://finclub.net/news/ukrainski-ovdp-vpershe-vkliuchyly-v-hlobalnyi-indeks.html (in Ukrainian).
6. Bormotova M.V., Mashoshyna T.V., Troinikova O.M. Some aspects of the current state of the domestic financial market. Economics. Finances. Law. 2021. № 11/3. С. 8-11. (in Ukrainian).
7. Informational reference on the capital markets of Ukraine during 2022, 2023, during January - October 2024. URL: https://www.nssmc.gov.ua/news/insights/ (in Ukrainian).
8. Recovery of the stock market: positive for investors and risks of government borrowing: URL: https://www.ukrinform.ua/rubric-economy/3547626-vidnovlenna-fondovogo-rinku-pozitiv-dla-investoriv-ta-riziki-dla-dezzapozicen.html (in Ukrainian).
9. On March 1, 2022, the Ministry of Finance of Ukraine placed military bonds worth 8.1 billion hryvnias. URL: https://www.ukrinform.ua/rubric-economy/3417417-minfin-rozmistiv-vijskovi-obligacii-na-81-milarda.html (in Ukrainian).
10. What is a promissory note and how can it be used in the agricultural sector. URL: https://agroapp.com.ua/uk/blog/shho-take-veksel-i-yak-jogo-mozhna-vikoristovuvati-v-agrosektori/ (in Ukrainian).
11. Agrarian notes will soon be on the market. URL: https://proagro.com.ua/news/ukr/agrarni-noty-vzhe-skoro-na-rynku.htm
12. Logistics companies and the stock market: prospects for investments in Ukrainian business URL: https://usm.media/logistichni-kompaniyi-i-fondovij-rinok-perspektivi-investiczij-v-ukrayinskij-biznes/ (in Ukrainian).