Kyiv-listed Ukrainian stocks were lower across the board to open the holiday shortened trading week on Tuesday (Mar 11), as the situation in Crimea remained unclear and local media began to voice doubts about the viability of the fast-approaching May 25 presidential election date. The UX index lost 2.4% to end at 1055 points. Raiffeisen Aval led the decline, dropping 4.2% to 15.03 kopecks, and volume leader UkrNafta was down 3.1% on turnover of UAH 3.8mn. Motor Sich and Azovstal both shed 2.7%, while low-liquidity blue chip Avdyivka Coke posted a 1.5% gain. The top Ukrainian names in London were mixed, with MHP falling 3.0% to USD 13.10, while JKX Oil&Gas added a solid 4.3% to get back above the GBp 60 level. In Warsaw, Astarta continued its miserable run of form, plummeting 9.8% to PLN 40.20, and Kernel was also down by 6.1%.
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