Ukraine’s stock
market saw substantial gains last week as declining interest rates in the
country boosted demand for risk assets. Also, a batch of positive economic news
helped to improve investor sentiments. In particular, the Finance Ministry
received a new USD 1.0bn loan guarantee from the US. The UX index jumped 5.6% to
close at 658 points. Currently the UX basket consists of 7 stocks, but as a
result of the de-listing of Azovstal (AZST) and Advyivka Coke (AVDK), the index
committee has decided to reduce the number of basket components to 5 stocks
starting from Jun 16. There will be a cap of 25% for each individual stock in
the index weight.
full reportEavex Capital welcomes any questions or comments you may have regarding our
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Please contact our office in Kyiv at 380-44-590-5454, or
by email:
Alexander Klymchuk, Head of Sales,
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Dmitry
Churin, Head of Research, [email protected]
