Amid Putin’s statements, shares of Ukrainian agricultural companies are rising rapidly

The WIG-Ukraine index of Ukrainian stocks on the Warsaw Stock Exchange (WSE) rose by 5.43% on May 11 to 694.81 points. The last time it was at this level was before Russia’s full-scale invasion in November 2021.

Ukrainian stocks rose in price after Vladimir Putin, during the three-day truce between Ukraine and Russia on May 9-11 announced by US President Donald Trump and the announced exchange of prisoners of war in the “1000 for 1000” format, said that the “conflict” in Ukraine was coming to an end and that he was apparently ready to meet with Ukrainian President Volodymyr Zelensky not only in Moscow.

According to the Warsaw Stock Exchange, shares of the country’s largest sugar producer Astarta rose in price by 8.16% on May 11, agroholdings Agroton, IMC and KSG-Agro – by 8.64%, 3.36% and 3.07%, and Milkiland – by 2.76%.

Shares of Coal Energy, which lost all its coal assets in Ukraine due to Russian aggression and reoriented itself to work in Poland, rose by 2.09%, while shares of the largest Ukrainian oil producer, agroholding Kernel – by 1.52%.

On the London Stock Exchange (LSE), where there is no such influence of retail investors as on the WSE, shares of the largest Ukrainian chicken producer, agroholding MHP, increased in price by 6.77% on Monday, and the shares of the largest Ukrainian telecommunications operator Kyivstar increased in price on the American Nasdaq exchange by 4.74%.

As for the quotes of Ukrainian Eurobonds, on the Frankfurt Stock Exchange on the first day of this week they increased by 1.9-2.5%.