EAVEX Weekly

July 02, 2018

Ukrainian stocks finished generally lower last week amid a broad correction on global equity markets due to concerns about rising trade barriers. Moreover, Kyiv-listed stocks continued to suffer liquidity outflow as a result of the suspension in trading on the Ukrainian Exchange, which is the largest of the three main stock exchanges in the country. In Ukrainian-related internal news, there was a report that the deficit of the national budget amounted to UAH 9.2bn (USD 350mn) in 5M18, compared to a surplus of UAH 26.5bn for the corresponding period a year ago. The deficit in large part was the result of an increase in budget expenditures by 27% YoY to UAH 380bn in 5M18. Revenue rose by 14% YoY to UAH 370bn in the period. The UX index, which is now being calculated on a once-per-day basis rather than in real time, ended essentially unchanged at 1580 points for the week.