EAVEX Weekly

January 09, 2018

Kyiv-listed stocks started the new year with a moderate growth, although both the number of trading deals and overall trading volumes were below average due to the holiday season, which in Ukraine traditionally extends to the second week of January. The UX index climbed 0.3% to close at 1,366 points in a 3-session shortened week. Motor Sich (MSICH) remained a bright spot in the index basket, with the stock briefly testing the UAH 3800 level before settling back at UAH 3720, a small 0.5% gain for the week. CentrEnergo (CEEN) added 0.6% to UAH 12.75, reacting on expectations of an electricity tariff increase and higher electricity exports in 2018. The Energy Ministry is forecasting that Ukrainian generators will increase overall electricity exports by 15-20% YoY to 5.9 TWh this year. According to the forecast, deliveries from the country’s energy system to the Hungary-Slovakia-Romania triad are estimated at 3.6 TWh, to Poland at 1.2 TWh, and to Moldova at 1.1 TWh. Oil&gas major UkrNafta