EAVEX Weekly

September 28, 2020

Locally-listed Ukrainian stocks edged higher last week, with investors cheered by a public comment from Prime Minister Dennis Shmygal calling for more active development of the domestic stock market. For the second time this month, the prime minister noted that the absence of a functioning stock market after almost 30 years of Ukraine’s independence is a tragic circumstance, and that the benefits of a stock market can be seen in the example of neighboring countries. The UX index ended the week at 1289 points, a gain of 0.9%. In individual UX index components, Raiffeisen Bank Aval (BAVL) bounced back to 41.50 kopecks (+5.1%) after the bank’s supervisory board set Oct 9 as the ex-rights date for a 6.95 kopecks per share dividend from FY19 net profit. The dividend is expected to be paid out starting on Oct 26.