EAVEX Weekly
Kyiv-listed stocks finished mixed over a shortened trading week, with Ukraine’s new national military holiday taking effect on Friday (Oct 14). There was a new wave of speculation about whether the country is fully prepared for the winter season, which traditionally sees a cushion level of natural gas and coal inventories in case of a colder-than-average winter. There have been skeptical opinions in this regard, since the government is starting off the 2016/17 winter heating season with gas reserves of 14.8bn cubic meters (cu-m) instead of the 17-19bn cu-m (mostly Russian imports) of recent years in storage to cover domestic consumption and guarantee stable gas transit to Europe. Ukraine’s last 3 winters have been warmer-than-average. The UX index closed essentially unchanged for the week at 841 points. News that UkrNafta (UNAF) finally clinched a direct relationship with an oil refining plant did not help the oil company’s stock, with UNAF shares slipping 0.2% to UAH 127. Motor Sich
