On February 19, the WIG-Ukraine index, which tracks Ukrainian shares on the Warsaw Stock Exchange (WSE), fell by 8.07% after a sharp rise in recent days amid optimism about peace talks. The reason was a sharp drop in investor confidence after criticism of Volodymyr Zelenskyi by Donald Trump. Index went down to 558.30 points, which is again below the pre-war level.
According to the WSE, shares of “Milkiland” lost 6.13%, and the papers of agricultural holdings “Agroton” and “IMK”, which have assets near the front line, fell by 10.86% and 5.42%, respectively. The value of “KSG Agro” decreased by 8.46%, and the largest sugar producer “Astarta” lost 5.05%.
Papers of the Coal Energy company, whose mines have been stopped due to the war, and which had previously shown growth, also fell in price by 5%. In addition, the shares of the largest Ukrainian oil producer “Kernel”, which are not included in the index due to a low free-float share, fell in price by 11.07%.
At the same time, shares of the MHP agricultural holding, the largest Ukrainian chicken producer, lost 3.13% in the first half of the day on the London Stock Exchange, while shares of the mining and ore company Ferrexpo fell by 3.44%.
Negative sentiment also affected the Eurobond market: their rate decreased by 0.7%-3.1% depending on the maturity, and GDP warrants fell by 0.54%.
