EAVEX Weekly

October 03, 2016
 

Kyiv-listed stocks finished mixed after a rather volatile trading week, finally ending a month-long run of nearly uninterrupted gains. In a positive development, however, the European Parliament’s Committee on Civil Liberties, Justice and Home Affairs has voted to include Ukraine in a list of countries for which the EU will introduce a visa-free regime. The motion could be approved by the European Parliament as early as this week, after which it will be reviewed by the EU Council. A visa-free regime before the end of this year would be a big political win for President Poroshenko, and would notably improve the Ukrainian small and medium business presence on the EU market. The UX index closed at 810 points on Friday (Sept 30), 0.5% lower than a week earlier despite flirting with 840-point level at midweek. The main movement among the index’s 5 blue chips was observed in UkrNafta, which saw a sharp rise to UAH 137 without any particular news driver, before falling back to UAH 122, a