The WIG-Ukraine index, which reflects the dynamics of Ukrainian shares on the Warsaw Stock Exchange (WSE), continues grow against the background of the latest news about possible progress in the peace talks regarding the Ukrainian-Russian war. Earlier this week, it rose another 8.04% to 556.01 points, almost matching the pre-war level of 574.37 points.
Shares of Milkiland rose by 16.09%, while the securities of agricultural holdings “Agroton” and “IMK”, which own lands near the war zone, added 19.03% and 8.30%, respectively. KSG-Agro rose by 6.22%, and the largest sugar producer in Ukraine “Astarta” – by 1.66%.
Shares of Coal Energy, whose activities were frozen due to the war, rose the most – they rose by 25.88%. In addition, the value of the shares of the largest Ukrainian oil producer “Kernel”, which is not included in the index due to the low level of free-float, jumped by 14.53%.
On the London Stock Exchange, shares of MHP, the leading producer of chicken in Ukraine, rose by 2.54%. Meanwhile, the shares of the mining company Ferrexpo rose by 12.86%, fully recovering the previous losses caused by the news about the state’s lawsuit for $3.8 billion against the “daughter” of the holding and the introduction of sanctions against its main shareholder Konstantin Zhevago.
We will remind that on the first day of the full-scale invasion, February 24, 2024, the WIG-Ukraine index collapsed from 574.37 to 361.98 points, and in May 2024 it fell below 200 points.
