The Ukraine National Commission on Securities and Stock Market published its July 2025 market indicators digest, describing capital markets as stable despite a slight slowdown in overall dynamics and noting that government bonds remain the main driver of trading activity. Organised-market turnover reached UAH 76.3 billion, while the unorganised market totalled UAH 34 billion and commodity exchanges UAH 27 billion. Organised-market volumes were UAH 19.4 billion higher than in July 2024, with most trading still made up of transactions in government bonds. Unorganised-market volumes were unchanged year on year and concentrated in government bonds, investment certificates, bills of exchange and shares of collective investment funds. The Commission also referenced a previously reported 29.5% increase in commodity-exchange trading in the first half of the year to UAH 188.5 billion and reiterated its ongoing work to inform market participants and introduce new financial instruments to support transparency and investor confidence.