Ukrainian stocks began to grow rapidly after negotiations between Ukraine and the United States
On March 12, quotations of Ukrainian companies on the Warsaw Stock Exchange (WSE) rapidly increased have grown after the news about the talks between Ukraine and the USA in Jeddah.
Shares of Milkiland increased by 9.52%, agricultural holdings “Agroton” and “IMK” – by 7.27% and 5.68%, respectively, and KSG Agro added 10.07%. Shares of the largest sugar producer Astarte rose 3.89%, while shares of Coal Energy, whose mines were shut down due to the war, rose 8.44%.
Quotations of “Kernel” also increased by 7.47%, which decreased by 8.06% the day before. On the London Stock Exchange, Ferrexpo shares rose by 7.09%, while the securities of the MHP agricultural holding lost 0.97%.
The Eurobond market also reacted by increasing quotations by 0.6–1.9%. Eurobonds of Ukraine due in 2029 are trading at 68.13% of face value, and those due in 2036 are trading at 55.43%. GDP warrants increased by 0.78%, reaching 77.75% of the notional value.
We will remind that on March 4, Ukrainian shares on the Warsaw Stock Exchange continued to decline after falling by 15.3% on March 3. This happened against the background of the conflict between the presidents of Ukraine and the USA and the suspension of military aid.
