EAVEX Weekly
Kyiv-listed stocks finished mostly lower for the week, although the PFTS index saw only a minimal loss of 0.1% to 506 points. CentrEnergo (CEEN) was once again a drag for the market, falling by 2.5% to UAH 8.53 per share. Low-liquidity Turboatom (TATM) and Krukiv Wagon (KVBZ) were both unchanged at UAH 10.60 and UAH 15.60 respectively. Raiffeisen Bank Aval (BAVL) remained a bright spot among local stocks, propping up the index with its gain of 1.8% to 34.30 kopecks. In major economic news, UkrStat reported that the country’s industrial production slumped by 7.7% YoY in December, extending the contraction of 7.3% seen in November. For full-year 2019, the industrial output in the country declined by 1.8% YoY, failing to meet positive initial expectations at the start of last year. Nevertheless, despite disappointing results in the industrial sectors for 2019, Ukraine’s economy grew by at least 3.0% last year, driven by accelerated private consumption amid rising real wages. UkrStat repo
