The index of Ukrainian companies’ stocks on the Warsaw Stock Exchange (WIG-Ukraine) recorded a decline of 3.36% on May 20, and the next day this figure rose even further, reaching 6.88% – 531.24 points. The main reasons for this decline were the growing pessimism regarding a swift end to the war between Russia and Ukraine, as well as concerns about American support for our country.
This is reported by Finway
In particular, the shares of Ukraine’s largest sugar producer, the company „Astarta”, decreased by 7.76%. The shares of agricultural holdings IMK and „Agroton” also fell by 3.3% and 7.48% respectively. At the same time, the securities of Coal Energy, which have suffered due to the war and halted mines, showed an increase of 4.71%. The shares of Ukraine’s largest oil producer „Kernel”, which are not included in the WIG-Ukraine index, rose by 1.54%.
Stock Dynamics on the London Exchange
On the London Exchange, there was a decline in the shares of Ukraine’s largest poultry producer, MHP, by 0.36%. The mining company Ferrexpo also suffered losses, dropping by 5.23%.
Eurobonds Under Pressure
As for eurobonds, on the Frankfurt Exchange on May 21, they demonstrated a decline of 0.5-1.7%. The quotes for the 2029 bonds were around 62.72% of the nominal value, while the 2036 bonds decreased to 48.57%. The GDP warrants also experienced a decline, falling by 0.1% to 74.53% of the conditional nominal value.
“pessimism regarding a swift end to the Russian-Ukrainian war”