EAVEX Weekly

April 16, 2018

Kyiv-listed stocks extended their winning streak last week, with the UX index now having gained nearly 30% since the start of the year. There were bullish bets across the board as blue chip companies reported fairly solid profits for FY17, fueling hopes for even higher profits this year. Among overall encouraging expectations for Ukraine were the latest agro forecasts suggesting that the national grain harvest should increase by at least 1 million tonnes to 62mn tonnes in 2018. There was some ground for optimism on the political stability front, with the likelihood fading that a pre-term parliamentary election would be called before the presidential election due next March.