EAVEX Weekly

June 20, 2017

Kyiv-listed stocks finished mixed last week amid elevated trading activity ahead of the quadrannual expiration of the UX future contracts on Jun 15. The contract expiration price came in at 1,034 points. In Ukrainian economic-related news, there was an official announcement that the country has signed a nuclear fuel agreement with Australia. The announcement lacked specifics, and we assume it could actually be related to increased fuel supplies from multinational group Westinghouse. In any case, the deal could help to secure around 30% of the Ukrainian energy sector’s need for nuclear fuel. Currently the country still relies partially on nuclear fuel supplies from Russia.