EAVEX Weekly

November 04, 2019

Kyiv-listed stocks ended mostly lower last week as the corporate earnings reports for the third quarter released thus far have not provided investors with any fresh inspiration. Blue chip CentrEnergo (CEEN) was the biggest disappointment, as the state-owned electricity generation company posted a net loss of UAH 291mn for 3Q19, extending its overall year-to-date (9M19) net loss to UAH 1.49bn. The CEEN stock fell 4.2% to UAH 9.50. Raiffeisen Bank Aval (BAVL) reported a net profit of 1.82 kopecks per share, which also missed the market’s expectations. However, the stock declined by only 0.6% to 30.80 kopecks. UkrNafta (UNAF), which has not published its 3Q19 financial results yet, traded at UAH 144 last week.