EAVEX Weekly

August 27, 2018

Kyiv-listed stocks finished almost unchanged last week which market Ukraine’s 27th anniversary of independence. The UX index ticked up just 0.2% to 1632 points in a four-session trading week. Although a news flow was generally dry, there was a media discussion about possible delay in next year’s presidential election from March to June. One of MP from the People’s Front faction said that President Poroshenko’s constitutional powers would end only on June 7, 2019 which exactly five years after his oath in the Parliament. Therefore Poroshenko’s team could try to put a motion to the Constitutional Court with a view to postpone the presidential election date. In our view, even a three month delay in the election would be negative for Ukraine as a period of political uncertainty usually restrains investors’ activity.