EAVEX Weekly

April 06, 2021

The major stocks listed in Kyiv were on the rise last week after the National Bank reported that its business sentiment index improved according to the latest survey conducted at the end of March. The most optimistic view was expressed by representatives of the trade sector, while sentiments in the construction sector remained subdued. The Ukrainian Exchange index, which consists of five stocks including the long-frozen Motor Sich (MSICH), increased by 1.1% last week to 1899 points. The gauge has advanced by 17% since the start of the year mainly due to the 45% surge in UkrNafta (UNAF) to UAH 278. The country’s largest oil company is undergoing a complicated process of asset valuation before an expected split of the business between its two largest shareholders. Surprisingly, there was no correction in the UNAF stock following a decision by Ukraine’s Anti-Monopoly Committee to fine UkrNafta UAH 2.36bn (USD 85mn) for pricing manipulation on the retail petroleum market. The company said