EAVEX Weekly

October 11, 2020

Ukraine’s domestic stock market was mixed last week, with the IMF cooperation program once again appearing in the headlines. The Washington-based fund stressed the importance of the independence of the Ukrainian central bank after a conflict between the bank’s board members was leaked to the press. President Zelenskiy had an official visit to London where he met with representatives of some of the largest investors in Ukrainian government securities. The president assured investors that the state was doing everything to improve the business climate in the country. The UX index inched down by 0.2% for the week to close at 1328 points. Raiffeisen Bank Aval (BAVL) corrected by 1.2% to 41.50 ahead of the ex-rights date (Oct 9) for a 6.95 kopeck per share dividend payout. CentrEnergo (CEEN) declined by 2.8% to UAH 4.86 after a controversial government decision to merge the company with the state coal mine Dobropil Mine. Currently, few details regarding the deal are available; the merger dea