EAVEX Weekly

July 09, 2018
 

Kyiv-listed stocks finished mixed last week, with most of the trading remaining in a low volume mode. The UX index declined by 1.7% to 1552 points, mainly due to a correction in Raiffeisen Bank Aval (BAVL) after the passage of the ex-rights date for its 6.90-kopeck dividend. The stock fell 6.5% to 29.00 kopecks. CentrEnergo (CEEN) climbed 0.7% to UAH 14.50 and UkrNafta (UNAF) was unchanged at UAH 104 per share. In major Ukraine developments, there was a new proposal from the government to the IMF regarding terms of the long-delayed USD 1.9bn loan tranche. Kyiv asked for a compromise in the negotiations about natural gas prices, which envisages a package of steps, including monetization of subsidies, further liberalization of the gas market, and a discount from the single price of gas for household consumers. The IMF has been demanding that Ukrainian authorities to switch to economically justified prices for natural gas for households since the USD 17.5bn support programme for the co