Kyiv-listed stocks finished mixed amid a batch of corporate 1Q18 earnings reports in a trading week shortened to three days by the national May 1 Labor Day holiday. The trading atmosphere was rather tense, as the unknown ex-rights dates for huge dividends from both Raiffeisen Bank Aval (BAVL) and CentrEnergo (CEEN) restrained market players from active operations in these stocks. Meanwhile, the shares of Motor Sich (MSICH) remained frozen due to an ongoing investigation conducted the Ukrainian Security Service (SBU) regarding last year’s change in the controlling shareholder of the company.
The UX index had a highly volatile week, slumping to a low of 1730 points on May 2 but then recovering back to the 1800 level. The gauge edged up by 0.6% for the week, closing at 1810 points on Friday (May 4). The small gain came thanks to low-liquidity issue DonbasEnergo (DOEN), which jumped by 20% to UAH 22.50 after the company posted a net profit of UAH 10.80 per share for 1Q18. On the downside, CentrEnergo (CEEN) declined by 0.5% to UAH 20.60 as the stock continued to react to the company’s 1Q18 financial statement showing a drop in net profit by 80% YoY.
full report
Eavex Capital welcomes any questions or comments you may have regarding our research products.
Please contact our office in Kyiv at 380-44-590-5454, or by email:
Alexander Klymchuk, Head of Sales, a.klymchuk@eavex.com.ua
Dmitry Churin, Head of Research, d.churin@eavex.com.ua
