EAVEX Weekly

June 09, 2020
 

Ukrainian equities listed in Kyiv were mixed last week, with trading results overshadowed by important news for the local stock market that Freedom Holding, an investment company from Kazakhstan which also provides a brokerage services in the US and Russia, is set to acquire a 20% stake in the Ukrainian Exchange. The deal should help to attract more retail clients to the UX platform and bring an attendant increase in liquidity for locally-listed equities. Meanwhile, the UX Index Committee decided to leave the UX index basket’s composition unchanged for the next three months. The index consists of six stocks, including the still-frozen Motor Sich (MSICH). CentrEnergo (CEEN) has the largest weight of 25% in the gauge and UkrNafta (UNAF) has a 22% weight.