EAVEX Weekly

October 02, 2018

Ukrainian equities finished mixed last week, having traded in a narrow corridor through the entire month of September. Equity investors were unimpressed by news that UkrStat reported 3.8% YoY GDP growth for 2Q18, raising the figure from the preliminary estimate of 3.6%. In major political developments, President Poroshenko reportedly had a one-on-one meeting with his US counterpart Donald Trump at the UN General Assembly in New York which lasted around 20 minutes. No details about the meeting’s content have been made public. The UX index added 1.5% for the week to close at 1657 points. The Ukrainian Exchange announced that it has resumed quote-driven trading for the first time since June, but full-mode trading remains unavailable due to the software replacement process. Meanwhile, trading on the smaller PFTS exchange continued with low activity.