EAVEX Weekly

April 25, 2016

Ukrainian stocks were mostly higher last week as the recent strengthening of the hryvnia is having a doubly positive effect on the market, both by increasing confidence in the economy and in pure valuation terms of the UAH-denominated equities. The hryvnia edged up half a percent for the week to close at 25.37 UAH/USD on the interbank market. The NBU released a rather optimistic forecast that the country’s foreign reserves could increase by USD 5.4bn by year-end to reach USD 18.7bn.