EAVEX Weekly

May 06, 2019

Kyiv-listed stocks ended mixed during last week’s trading period of only two sessions, as Orthodox Easter coincided with Labor Day this year to create an extended holiday period. The PFTS index edged down by 0.2% to close at 559 points on Friday (May 3). UkrNafta (UNAF) did not react much to weak financial results for 1Q19, for which the market seemed to be prepared. The stock shed 3.2% to UAH 150 after the company said its net profit dropped by four times to UAH 5.46 per share in January-March compared to the previous year’s results for the period. Raiffeisen Bank Aval (BAVL) declined by 0.6% to 35.40 kopecks as traders wait for the announcement of the ex-rights date for the generous 5.79 kopeck dividend payout from FY18 profit. In second-tier names, Krukiv Wagon (KVBZ) continued its uptrend, advancing by 8.3% to UAH 13.00 per share after the company reported a 4.3x YoY increase in net profit to UAH 313mn. The stock has risen by 24% since the start of the year but remains illiquid o