EAVEX Weekly

February 05, 2018
 

Kyiv-listed equities expanded their 2018 bull momentum as traders increased their long positions in the most liquid stocks. Newly-released macroeconomic data supported positive sentiments, with the National Bank unveiling preliminary estimates that Ukraine’s GDP grew by 2.1% in full-year 2017. The NBU said that the cutoff of trade with the pro-Russian separatist-occupied Donbass territories took 0.9p.p. away from the country’s economic growth for the year. One moderately negative sign is that 4Q17 GDP growth came in at 1.5% YoY, slowing from levels above 2% in the other quarters. The NBU raised its forecast for GDP growth for 2018 to 3.4% from 3.2%, while worsening the forecast for 2019 to 2.9% from 3.5%.