EAVEX Weekly

November 30, 2015

Kyiv-listed stocks ended lower on Friday (Nov 27) amid an escalation of Russia-Ukraine tensions over the disputed province of Crimea. Russia’s Energy Ministry ordered a shutoff of coal deliveries to Ukraine as retaliation for the latter’s electricity embargo to the province. Pro-Russian separatists who control coal mines in Eastern Ukraine also halted coal supplies. The UX index fell 1.4% to 714 points. Among 10 blue chips, 7 were in the red. Major coal consumer CentrEnergo (CEEN) dropped 1.4% to UAH 4.54 and DonbasEnergo (DOEN) lost 2.7% to close at UAH 16.60 per share. On the upside, Raiffeisen Aval (BAVL) jumped 5.0% to 8.51 kopecks in a positive reaction to the EBRD capital injection. On the interbank currency market, the hryvnia gave back the previous day’s appreciation, closing at 23.90/23.80 UAH/USD. In London, MHP (MHPC) slumped back into its long-term narrow trading range on a 2.0% decline to USD 9.30, suggesting that the previous week’s gains were a fluke. Ferrexpo (FXPO) was