EAVEX Weekly

March 23, 2020
 

Ukrainian stocks listed on the PFTS Exchange finished lower last week, although the losses were generally less than those seen on the main global exchanges amid the COVID-19 panic, as most local stocks have already been trading at distressed levels. Electricity generator CentrEnergo (CEEN) was hardest-hit, slumping 11% to UAH 7.50, and DonbasEnergo (DOEN) also dropped by 10% to UAH 24.00 per share. Plummeting global oil prices continued to hurt UkrNafta (UNAF), which lost 6.5% to close at UAH 130. Raiffaisen Bank Aval (BAVL) which had been in a low-volatility mode for the last three months, tumbled 11% to 33.00 kopecks as the bank could postpone an expected dividend distribution.