EAVEX Weekly

March 09, 2016

UX index was hit hard last week, falling 3.5% to close at 608 points, which is effectively an all-time minimum taking into account the hryvnia’s sharp decline since the previous minimum in 2009. The gauge suffered big losses as a result of the index committee’s decision to remove 3 stocks from the index basket. The move, while necessary and expected due to the lack of trading in these names, still had a negative impact on the market.