EAVEX Weekly

November 02, 2020

Kyiv-listed equities were mostly higher last week, with local investors ignoring the sharp drop in the major European and global stock indexes. The UX index climbed by 1.2% to 1311 points, compared to the decline in the MSCI emerging market index by 2.9% amid the new wave of fear among investors regarding rising COVID-19 cases. In individual blue-chip names, CentrEnergo (CEEN) gained 5.9% to UAH 5.40 while DonbasEnergo (DOEN) was unchanged at UAH 19 per share after the company posted a marginal net profit of UAH 1.4mn for 9M20. Motor Sich (MSICH), which has been frozen for trading since 2018 amid a legal dispute over its majority ownership, reported a net profit of UAH 926mn for 9M20, implying UAH 446 net profit per share. Raiffeisen Bank Aval (BAVL) added 2.8% to 37.00 kopecks, reacting positively to the bank’s report of UAH 1.05bn net profit for 3Q20 (EPS of 1.71 kopecks). For 9M20, Raiffeisen Aval’s net profit reached UAH 3.12bn (EPS of 5.07 kopecks). In London trading, Ferrexpo (F