EAVEX Weekly

September 13, 2017

Ukrainian stocks were moderately higher last week amid renewed attention to the situation on the front line with the Donbass occupied territories. Russian President Putin surprised many observers by calling for a United Nations peacekeeping mission in the conflict zone. Previously, Moscow had always been firmly against any UN involvement. Putin’s proposal was for a UN presence along the contact line between the separatist forces and Ukraine. The offer, however, was immediately panned by Kyiv for ignoring the key issue of Ukraine’s continuing lack of control over the pre-2014 Ukraine-Russia border, which is far inside the separatist lines. The UX index inched up 0.1% to close at 1136 points in light activity. Raiffeisen Bank Aval (BAVL) added 0.7% to 27.90 kopecks while CentrEnergo (CEEN) retreated by 0.4% to UAH 11.15. Motor Sich (MSICH) gained 0.8% to UAH 2550 but failed to show a more substantial increase, with UAH 2570 appearing to be a firm sell level for an active trader of the st