EAVEX Weekly

October 08, 2018
 

Kyiv-listed stocks ended moderately higher last week, helped by news that the World Bank has improved its forecast for Ukraine’s state & guaranteed debt in 2018 to 67% of GDP, down from 75%. The World Bank estimated that by 2021, the figure could decline to 58% of GDP, with 60% viewed as a long-term sustainability benchmark. The UX index edged up by 0.7% to close at 1669 points. CentrEnergo (CEEN) was the main growth driver, advancing by 3.8% to UAH 15.84 per share. Positive expectations that the state-owned 78% stake in the company will finally be privatized in late November after more than 5 years of delays is keeping the stock in focus. The starting price at the CentrEnergo auction has been set at USD 212mn, corresponding to UAH 16.20 per share. Raiffaisen Bank Aval (BAVL) rose 2.4% to 31.90 kopecks while UkrNafta (UNAF) lost 1.8% to UAH 110. Low-liquidity blue chip TurboAtom (TATM) added 3.0% to UAH 13.90 after the government approved the draft financial 2019 plan for the comp