EAVEX Weekly

September 03, 2019

Kyiv-listed stocks ended somewhat higher amid a politically active week in Ukraine that saw the newly elected Parliament convene to approve the new government. A total of 281 MPs voted in favor of the proposed Cabinet of Ministers on Aug 29 out of 226 needed votes. Incoming Prime Minister Oleksiy Honcharuk has already announced that an IMF mission is expected to arrive in a few weeks for discussion of a new 3-4 year support program. The PFTS index edged up by 0.1% to 527 points, with UkrNafta once again being the most volatile blue chip. The UNAF stock quotes advanced by 3.6% to UAH 145 after a sharp drop a week earlier. TurboAtom (TATM) was on the rise, adding 2.2% to UAH 11.90 after the company signed a 5-year UAH 6.0bn deal with Ukrainian state-run nuclear operator EnergoAtom for power unit modernization. Raiffeisen Bank Aval (BAVL) gained 3.3% to 31.00 kopecks per share.