The long weekend in Ukraine failed to bring austerity to the hot domestic equity market on Tuesday – the UX Index added 3.8% to last week’s 8% total gain, and closed at a record high of 2022.6. Ukrainian Exchange volumes remained elevated at UAH 70.9mn (US$ 8.9mn). Buying sentiment was strong across Basic Materials blue chips Alchevsk Steel (ALMK UK) +7.1%, Avdiyivka Coke (AVDK UK) +5.2%, and Enakievo Metal (ENMZ UK) +5.2%, as well as Motor Sich (MSICH UK) +6.3%. Bank Forum (FORM UK) continued its recent retreat, down 3.2% on profit-taking after last week’s sharp gains.