EAVEX Weekly

July 01, 2019

Kyiv-listed Ukrainian stocks ended lower after a shortened 4-session trading week, with Friday being a national holiday dedicated to Constitution Day. The PFTS index fell 2.0% to close at 542 points. Statistics showing that the country’s steel output rose by a solid 7.8% YoY to 1.83mn tonnes in May had a neutral influence on the stock market, as the major Ukrainian steel mills were de-listed from the PFTS exchange back in 2016. Ukraine is the 13th largest steel producer in the world, according to the World Steel Association. The ranking consists of 64 counties which produced 163mn tonnes of steel in May (+5.4% YoY). In January-May 2019, these 64 countries produced 764mn tonnes of steel, which is 5% more than in the same period last year.