Locally-traded Ukrainian stocks ended a rough week with a pronounced slide on Friday (Mar 22), underperforming the main European indices, which suffered only a limited impact from the ongoing Cyprus banking crisis. Turnover was light, as a massive late-season blizzard descended on Kyiv during the day, suppressing trading activity. The UX index moved down by 1.8% to close at 934 points. Alchevsk Steel (ALMK) led the decline with a 3.8% loss to 4.77 kopecks, and CentrEnergo (CEEN) slumped 3.3% after having outperformed in the previous session on its FY12 dividend announcement. Raiffeisen Aval (BAVL) retreated back toward the 10-kopeck level with a 1.9% fall, and volume leader Motor Sich (MSICH) slipped 1.2% on UAH 5.1mn in deals. In second-tier names, beaten-down automotive name Bogdan Motors (LUAZ) saw some action, moving up 5.8% to 4.92 kopecks.
In London, an awful 5-day run for Ferrexpo (FXPO LN) and Avangard (AVGR LI) finished with the issues posting respective drops of 1.0% and 3.2%, leaving both with double-digit losses for the week, and Regal Petroleum (RPT LN) shed 4.7% to GBp 25.50.
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