EAVEX Weekly

December 03, 2015

Kyiv-listed stocks edged down on Wednesday (Dec 2) after NATO’s top commander admitted there is little chance that the year-end deadline for the Minsk peace deal will be met in Eastern Ukraine, saying the conflict will remain unresolved. The Minsk targets unlikely to be met are the restoration of Ukrainian control of the border and removal of Russian military forces from the region. The UX index declined by 0.4% to 705 points. Among blue chips there were 5 gainers and 5 losers. Azovstal (AZST) dropped 2.2% to 40.70 kopecks, Raiffeisen Aval (BAVL) shed 1.8% to 8.19 kopecks and UkrNafta (UNAF) slipped 1.0% to UAH 183 per share. On the upside, low-volume names Yenakievo Steel (ENMZ) and DonbasEnergo (DOEN) added 2.7% and 1.1% respectively. In currency trading, the hryvnia gained 2.6% against the dollar to close at bid/ask of 23.30/23.45 UAH/USD. However, the hryvnia was supported by administrative measures, with the NBU limiting traders’ buying orders for foreign currencies. In Warsaw tra