EAVEX Weekly

November 28, 2016
 

The Ukrainian stock market was little active last week swinging from gains to losses all five trading sessions. Local traders paid attention to further developments in Ukraine’s visa-free regime saga with EU. Although the country has fulfilled all the EU requirements, the matter now depends on a mechanism for suspension of visa-free travel to third countries, which is being carried out by EU institutions, President of the European Council Donald Tusk said. Therefore, the EU leaders on the need of their part to fulfill obligations while it seems they are not in hurry to do so. The UX index edged down 0.8% to close at 799 points, with all the decline happened on Friday afternoon. CentrEnergo (CEEN) lost 1.3% to close at UAH 10.47. The company somewhat confused investors with an optional buyback proposal at price below UAH 10 for shareholders who voted against so called ‘large deals’ at the recent shareholders meeting. According to Ukrainian legislation the price should be equal to a mark