Ukrainian blue chips were mixed on Tuesday (Mar 26), with European markets yet to determine their direction in the post-Cyprus bailout environment. The UX index lost half a percent to close at 908 points, with steelmakers Azovstal (AZST) and Alchevsk (ALMK) down by 1.1% and 1.5% respectively. Also in negative territory for the day was volume leader Motor Sich (MSICH), which slipped 0.8% to finish just below UAH 2300. On the upside, Raiffeisen Aval (BAVL) reversed its recent slide, rallying by 1.2% on turnover of UAH 1.8mn, and Avdyivka Coke (AVDK) kept its nose above the UAH 3 level with a 0.6% pickup. Outside the UX basket, Pivnichny GOK (SGOK) fell 2.2% and Stirol (STIR) dropped 3.9% to UAH 12.50, representing a fresh 3-year low for the issue. In London, Avangard (AVGR LI) regained some ground from yesterday’s steep fall with a 3.4% rise, and MHP (MHPC LI) also bounced back from share price losses posted over the past two weeks, adding 1.7% to USD 17.90.
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