EAVEX Weekly

May 13, 2019

Local corporate news continued to determine direction of the Ukrainian stock market last week, as domestic investors ignored the notable correction in major global equity indexes on US-China trade conflict fears. The PFTS index added 2.3% to close at 572 points on Friday (May 10). Low-liquidity issue TurboAtom (TATM) was the biggest gainer among the index components, advancing by 12% to UAH 11.80 per share. The majority state-owned company is due to pay a solid 90-kopeck dividend per share from its FY18 profit, but has not yet announced the ex-rights date. Last year the ex-rights date for the TATM dividend was Jun 26 and the announcement was made on Jun 8; we assume that this year’s dates could be similar. Raiffeisen Bank Aval (BAVL) rose 1.4% to 35.90 kopecks after the bank set the ex-rights date for its dividend of 5.79 kopecks for May 23. The payout to shareholders will occur between Jun 14 and Jul 1. Quotes for UkrNafta (UNAF) advanced by 4.7% to UAH 157 and CentrEnergo (CEEN) gain