EAVEX Weekly

October 15, 2019
 

Kyiv-listed stocks traded in a sideways trend last week amid an intensive political news flow from President Zelenskiy’s first press conference. Among other things, Zelenskiy said he is not satisfied with the way provisions of the Minsk Agreements are being implemented and intends to raise this issue at a meeting of the leaders of the so-called Normandy-format countries (Ukraine, Germany, France, and Russia). The date of the next summit of the Normandy Four could be set by the end of the month. The PFTS index ticked down by 0.1% to close virtually unchanged at 526 points. The two utility sector blue chips moved in opposite directions, with CentrEnergo (CEEN) declining by 3.7% to UAH 9.92 while DonbassEnergo (DOEN) gained 3.3% to UAH 27.36 per share. Raiffeisen Bank Aval (BAVL) edged up by 0.3% to 30.60 kopecks after information that the bank’s net profit was UAH 3.16bn for 8M19 (5.13 kopecks per share). In individual PFTS index components, UkrNafta (UNAF) corrected by 1.3% to UAH 150