EAVEX Weekly

February 19, 2018

The UX index ticked up by 0.7% to 1461 points. Raiffeisen Bank Aval (BAVL) added the most points to the gauge, rising 2.7% to 32.00 kopecks. The stock got a boost earlier this month after a preliminary report indicated that the bank earned 7.27 kopecks per share for FY17. Motor Sich (MSICH) was also among blue chips that finished in the black, climbing 0.5% to UAH 4385. Meanwhile, UkrNafta (UNAF) slid 3.2%, briefly testing the strong psychological support level of UAH 100. The stock suffered a sell-off on concerns about ability to prolong 27 oil&gas licenses that are expiring this year. In 2017, the company extended 8 licenses, but the government and the State Geological Agency did not make this an easy process for the company. Low-liquidity DonbasEnergo (DOEN) lost 1.9% to end at UAH 16.00, expanding its drop from a local peak of UAH 18.00.