EAVEX Weekly

April 08, 2019
 

Kyiv-listed Ukrainian stocks were mostly lower last week amid dry trading activity and a news flow dominated by political noise after incumbent President Petro Poroshenko and entertainment mogul Vladimir Zelenskiy entered the Apr 21 presidential election runoff. The hottest topic of the week was whether the two candidates would agree on televised debates, with one of the proposals being to hold the debates at the national Olympiyskiy Stadium. The PFTS index, which tracks seven Kyiv-listed stocks, shed 1.4% to end at 565 points. UkrNafta (UNAF) was little changed after a solid gain in the last week of March. The stock traded at USD 190 per share. Meanwhile, Raiffeisen Bank Aval (BAVL) continued to suffer after the bank proposed a smaller-than-expected dividend from its FY18 profit. The BAVL stock slumped 10% to 33.50 kopecks. Additional pressure on the stock came from a report that Raiffeisen Aval’s net profit for February was sharply lower than in January. In the utility sector, Centr