EAVEX Weekly

August 12, 2019

The Ukrainian stock market corrected slightly last week with the PFTS index declining by 0.2% to 536 points. There were several disappointing corporate reports which drove selling in blue chips. The country’s oil flagship producer UkrNafta (UNAF) unveiled a net loss of UAH 278mn for 2Q19 against expectations of solid profit for the period. The UNAF stock shed 1.2% to UAH 159 per share. In the electricity generation sector, CentrEnergo (CEEN) posted a record high net loss for 2Q19, sending the stock’s quotes down by 1.4% to UAH 10.85. DonbasEnergo (DOEN) also disappointed with a net loss for the second quarter. The stock inched down 0.2% to UAH 23.67. Raiffeisen Bank Aval (BAVL) was the exception among local blue chips, posting net profit of UAH 1.3bn for 2Q19 which translates into 2.1 kopecks per share. The stock did not react to the profit announcement, trading at 29.30 per share