EAVEX Weekly

April 10, 2018
 

Kyiv-listed stocks enjoyed a notable increase last week, with the approaching 3-day Easter weekend in Ukraine and local market closure on Monday (Apr 9) making short bets more risky. Market players took it as a positive sign that Ukraine remains on Washington’s radar after US Republican Senator Robert Portman promised Javelin anti-tank missile systems and additional military support during his visit to Kyiv, although it remains unclear how much Ukraine will have to pay for this hardware. The UX index gained 3.0% for the week to close at 1732 points. Motor sich (MSICH) remained the growth driver for the gauge, gaining a solid 3.1% to UAH 5300 amid persistent demand from an unidentified large buyer. CentrEnergo (CEEN) picked up 4.1% to UAH 19.90 as investors are now waiting for an announcement of the ex-rights date for the stock’s UAH 3.84 per share dividend. Raiffeisen Bank Aval (BAVL) added 3.5% to 34.70 kopecks with the stock still showcasing a rather attractive P/E multiple of 4.9x