EAVEX Weekly

March 13, 2018

Kyiv-listed stocks opened the month of March by finishing higher for a third consecutive week in a shortened 3-day trading period due to the Women’s Day national holiday. Market players increased their long positions across the board in blue chip UX index basket names while second tier stocks remained inactive. The only exception was TurboAtom (TATM), which added 4.4% to UAH 13.82 on an announcement that the stock will be included in the UX basket starting from Mar 16. An encouraging piece of business news was the successful auction for 4G licenses in the 1800 MHz band. The country’s three largest mobile operators acquired the licenses from the state for a total sum of UAH 5.4bn (USD 200mn); this should lead to a marked improvement in Ukraine’s national telecommunications infrastructure. The UX index picked up 1.0% to close at 1611 points. Motor Sich (MSICH) added 0.7% to UAH 4500 per share. The company has not yet reported its FY17 earnings, but there are expectations that per-share