EAVEX Weekly

September 21, 2020

Ukrainian locally-listed equities were mostly lower last week despite a generally neutral corporate news flow. The UX index decreased by 0.9% to 1278 points. Raiffeisen Bank Aval (BAVL) corrected by 3.7% to 39.50 kopecks, as some traders preferred to cash in their profit after the bank approved a 2019 dividend of 6.95 kopecks per share. The ex-rights date for the dividend will be determined by the bank’s supervisory board, which is controlled by parent group Raiffeisen International. CentrEnergo (CEEN) fell 4.0% to UAH 4.80 and UkrNafta (UNAF) was flat at UAH 118 per share. London-listed Ferrexpo (FXPO) jumped 7.2% to GBp 202 per share after the company announced an interim dividend of 6.6 US cents per share. The special interim dividend will be paid out on Oct 8 to shareholders on the register at the close of business on Sept 25. This brings Ferrexpo’s total dividend distributions this year to 19.8 US cents per share, up from 13.2 US cents in FY19. MHP (MHPC) remained in a downward tr