EAVEX Weekly

December 05, 2016
 

Kyiv-listed equities finished in positive territory last week, boosted by the Ukrainian Exchange’s decision to simplify access to trading for new brokers. Meanwhile on the economic front, the government reported a national budget surplus of UAH 3.1bn for October thanks to improving revenue target implementation along with moderate spending. The budget surplus in October should help to hit the target of an overall budget deficit of not more than 3.7% of GDP for the year. The UX index rose by 1.2% for the week to close at 808 points on Friday (Dec 2). Raiffeisen Bank Aval (BAVL) was the most active issue, advancing by 3.9% to 13.00 kopecks. Motor Sich (MSICH) added 1.5% to close at UAH 1889 while CentrEnergo (CEEN) edged down 0.9% to UAH 10.38. UkrNafta (UNAF) was little-changed at UAH 109 per share despite a surge in the Brent oil price benchmark to USD 53/bbl after OPEC reached a deal to cut production by 1.2mn barrels per day in order to raise global prices.