Growth of Ukrainian Stocks Ahead of London Peace Talks

|
Growth of Ukrainian Stocks Ahead of London Peace Talks

The index of Ukrainian stocks on the Warsaw Stock Exchange (WIG-Ukraine) rose by 5.67% on Tuesday, reaching 548.51 points in anticipation of the meeting scheduled for Wednesday in London, where representatives from the US, Ukraine, and the EU will discuss the terms of a ceasefire and the conclusion of a peace agreement between Russia and Ukraine.

This is reported by Finway

In particular, the shares of Coal Energy, which had been halted due to the war, surged by 18.49%. The shares of Milkiland increased by 11.54%, while those of Ukraine’s largest sugar producer, Astarta, rose by 3.94%. It is also worth noting that the shares of the agricultural holding Kernel, the largest Ukrainian oil producer, which are not included in the index, appreciated by 2.42%. Overall, the dynamics of Ukrainian stocks on the Warsaw Exchange are noted as better compared to the dynamics of the entire Polish market.

However, on the London Stock Exchange, the shares of the major Ukrainian poultry producer MHP fell by 6.02% on Tuesday, and the shares of the mining company Ferrexpo decreased by 0.59%.

Regarding eurobonds, their quotes also increased, rising by 0.7-1.9%. In particular, the 2029 bonds are quoted at around 62.5% of par value, while the 2036 bonds are at 49.1%. GDP warrants appreciated by 1.3% and stand at 69.9% of par value.