EAVEX Weekly

November 14, 2016
 

Kyiv-listed stocks finished mixed last week, mostly ignoring the volatility on global financial markets after the U.S. election. Four years of President Donald Trump in the White House, a once-unimaginable scenario, could launch a period of deep uncertainty about the policies of his administration regarding Russian military aggression against Ukraine. President Poroshenko has announced a possible visit to Washington in February to reach out to his new counterpart. However, the general consensus is that Ukraine will have less support from the US under a Trump presidency than under current President Obama. The UX index edged up 0.2% to close at 837 points on Friday (Nov 11). UkrNafta (UNAF) was the biggest loser among the five remaining stocks in the index basket. UNAF shares fell 4.1% to UAH 116 amid a negative move in oil price benchmarks. Motor Sich (MSICH) was unchanged at UAH 1909, while Raiffeisen Bank Aval (BAVL) remained in an upward trend, adding 2.0% to 13.4 kopecks.