EAVEX Weekly

December 23, 2019

Kyiv-listed Ukrainian stocks continued to trade in an inactive mode in the final full week of trading in 2019 before the start of the holiday period. The PFTS index saw little movement during the week as it hovered around the 510 point level. Among important developments, Ukraine, Russia and the European Commission, based on the results of negotiations held in Berlin on Dec 19, have drawn up a protocol that brings them closer to the signing of a gas transit contract. New terms announced over the weekend imply that the political leadership in Kyiv and Moscow have approved a 5-year deal. CentrEnergo (CEEN) was unchanged at UAH 9.26 despite negative reports that the company has been selling its electricity at low prices since November. UkrNafta (UNAF) added 0.4% to UAH 145 per share, showing only a shy reaction to positive news that the company’s crude oil extraction continued to increase in November.