EAVEX Weekly

February 25, 2019

Ukrainian stocks declined last week amid discouraging statement from the US Embassy that corruption remains a pressing issue that prevents Ukrainians from achieving some progress in politics and the economy. Among latest high-ranking cases involving Ukrainian officials there is an indictment against Minister of Infrastructure Volodymyr Omelyan, who is charged with illegal enrichment and declaring inaccurate information. The indictment has been submitted to Kyiv’s Solomiansky District Court for consideration, the National Anti-Corruption Bureau of Ukraine (NABU) has reported on Feb 22. The PFTS index of Kyiv-listed stocks decreased by 1.9% to 554 points. DonbasEnergo (DOEN) was the worst performing blue-chip plunging by 9.3% to UAH 34.00 per share. UkrNafta (UNAF) lost 2.8% to close at UAH 121 despite the company reported a 4.4% YoY growth in oil and 7.4% YoY increase in gas extraction in January. Raiffaisen Bank Aval (BAVL) remained a bright spot on the market rising 0.4% to 35.9 kopec