EAVEX Weekly

March 21, 2016

Kyiv-listed stocks were sharply lower last week after the expiration of UX futures contracts, an event which occurs every 3 months, on Tuesday (Mar 15) acted as a catalyst for turbulence on Ukraine’s low-liquidity market. The contracts expired at 660 points, after which the UX index went into a slide. The benchmark lost 6.1% to close at 633 points on Friday (Mar 18), giving back much of its strong rise from the previous week.