Ukrainian stocks were lower on Friday (Feb 28), snapping a winning streak that had boosted quotes for most blue chips to two-year highs. The UX index shot up by a stunning 20% over the week but shed 0.9% on Friday to close at 1,119 points. The steel sector underperformed the broad market, with Azovstal (AZST UK) and Yenakievo Steel (ENMZ UK) dropping by 4.4% and 6.4% respectively. Meanwhile, volume leader Motor Sich (MSICH UK) edged up to 0.4% to finish at UAH 2083. The official NBU hryvnia exchange rate was set at 9.70 against the US dollar this morning, after wild interbank market trading on Friday saw the hryvnia strengthen from 11.0 to somewhere between 9.6/10.5 against the dollar.
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