EAVEX Weekly

February 15, 2021
 

News that the IMF monitoring mission for Ukraine’s current loan program ended without a positive result was unable to stop the early-2021 rally in Kyiv-listed stocks. The UX index added 1.4% last week to close at 1789 points, with the gain for the gauge reaching 10% since the start of the year. The biggest advance was seen in UkrNafta (UNAF), which shot up 12% to UAH 224 per share on expectations that the company will report a massive profit for 4Q20 after getting huge payments from its parent NaftoGaz. Raiffeisen Bank Aval (BAVL) rose 3.3% to 47.00 kopecks despite the bank’s net profit of 6.63 kopecks per share for FY20 coming in about 10% lower than expected. CentrEnergo (CEEN) slowed its increase to 0.6% after rising 22% YtD, ending at UAH 8.80. In second division stocks, Krukiv Wagon (KVBZ) grew by 5.3% to UAH 20 on the nose.