EAVEX Weekly

November 11, 2019

Ukrainian equities listed in Kyiv traded mixed over the week with quotes for most blue chips remaining in their recent corridors. The PFTS index lost 0.9% to close at 517 points on a 6.5% drop in DonbasEnergo (DOEN). The stock headed south to UAH 24.90 after the company reported a net loss of UAH 2.93 per share for 9M19. Meanwhile, UkrNafta (UNAF) showed no reaction to its latest poor earnings report, sitting at UAH 145 per share after the company posted a third-quarter net loss of UAH 382mn. On the upside, CentrEnergo (CEEN) gained 4.4% to UAH 9.92 per share which we view as a rather technical rebound amid the stock’s 27% decline since the start of the year. Raiffeisen Bank Aval (BAVL) was unchanged at 30.80 kopecks. London-listed Ferrexpo (FXPO) edged up by 0.7% to GBp 131 after dipping as low as GBp 120 at midweek in volatile trading as the stock searches for its bottom. MHP (MHPC) rose 1.4% to USD 8.56 while natural gas producer JKX Oil&Gas (JKX) slipped by 0.7% to GBp 29.30 afte