EAVEX Weekly
Kyiv-listed stocks saw mixed trading last week as the National Bank increased its key policy rate from 8.0% to 8.5%. Overall, the economic and political news flow was generally dry. The UX index declined by 0.8% to 1832 points after TurboAtom (TATM) plummeted by 17% to UAH 6.50, reacting to the risk of minority shareholder dilution as a result of TurboAtom’s merger with ElectroTyazhMash. UkrNafta (UNAF) and CentrEnergo (CEEN) were flat at UAH 255 and UAH 9.50 per share respectively. On the upside, DonbasEnergo (DOEN) recovered by 3.4% to UAH 15.00 and Raiffeisen Bank Aval (BAVL) bounced back by 3.0% to 45.00 kopecks. In the second tier stocks, Krukiv Wagon (KVBZ) added 2.4% to UAH 19.00 despite the company’s poor financial performance so far this year.
