EAVEX Weekly

November 06, 2017
 

Ukraine’s domestic stock market saw a slight correction last week to put an end to its six-week winning streak. Although there was no particular selling trigger, traders pushed blue chip quotes lower on technical factors. In economic news, MinAgro reported that Ukraine has exported 13.5mn tonnes of grain since the beginning of the 2017/2018 agricultural year (July-June). The country’s full-year 2017 grain harvest is expected at around 63mn tonnes, down from the record 66mn tonnes posted in 2016. The UX index finished unchanged at 1255 points. Low-liquidity DonbasEnergo (DOEN) rose 1.4% to UAH 18.00 per share as market players expect the government will get rid of its remaining 25% in the company at an auction in December, setting a higher price benchmark for the stock. The company posted a net loss of 18 kopecks per share for 9M17. Motor Sich (MSICH) was in the plus column, climbing 1.0% to UAH 3065, while Raiffeisen Aval (BAVL) and CentrEnergo (CEEN) edged down by 0.4% and 0.5% respec