EAVEX Weekly

January 28, 2019

Kyiv-listed stocks finished mixed last week amid disappointing industrial production data for December. The State Statistics Committee reported that Ukraine’s overall industrial output declined by 3.5% YoY last month, which dragged the already-unimpressive full-year 2018 industrial rise down by nearly half a percentage point to 1.1% YoY. Electricity equipment production was the worst performing sub-sector last year, contracting by 17.8% YoY. In contrast, the country’s chemical industry demonstrated a firm recovery of 16.5% YoY in 2018. Trading in locally-listed Ukrainian stocks saw some additional activity after the Ukrainian Exchange announced the testing of new software, which will take around two weeks, providing some grounds for optimism that the platform might re-open soon after more than half a year of suspended activity.