EAVEX Weekly

February 08, 2021

The Ukrainian Exchange index (UX) rose by a solid 6.0% to 1765 points last week amid optimism regarding a recovery in business activity after some of the winter COVID quarantine measures were lifted in late January. However, mass events with the participation of more than 20 persons are still prohibited through the end of February. In individual stocks, UkrNafta (UNAF) surged by 5.3% to UAH 200 after the company’s majority shareholder NaftoGaz ordered preparations for UkrNafta’s formal division. The move is expected to allow NaftoGaz to concentrate 100% ownership in UkrNafta’s natural gas business segment.