Share index of Ukrainian agricultural holdings on the Warsaw Stock Exchange exceeded the pre-war level

The WIG-Ukraine index of Ukrainian stocks on the Warsaw Stock Exchange (WSE) continues to rise on the latest news of progress toward peace talks in the Ukraine-Russia war: after rising 8.04% on Monday, it added another 6.6% from the start of the day on Tuesday to reach 592.69 points, exceeding the pre-war level of 574.37 points.

According to the WSE, Milkiland’s share price rose by 13.86% on Tuesday, Agroton and IMC agricultural holdings with land near the front by 9.14% and 7.30%, KSG-Agro by 4.22%, and Astarta, the country’s largest sugar producer, by 0.91%.

In addition, the shares of Kernel, the largest Ukrainian oil producer, which are not included in the index due to their small free-float, rose by 5.15%, bringing the company’s capitalization to over $2.1 billion. The last time it was this expensive was in 2011.

The share price of MHP, Ukraine’s largest chicken producer, has risen by 0.93% on the London Stock Exchange since the beginning of the day on Tuesday, while shares of Ferrexpo, a mining company, have added 0.55%.

Market participants attribute the faster rise in price of Ukrainian stocks on the Warsaw Stock Exchange to the presence of more private investors.

At the same time, in the Eurobond market, the growth of Ukrainian securities has stopped in recent days, and they have fallen by more than 2% since February 13.

As reported, WIG-Ukraine fell from 574.37 points to 361.98 points on the first day of the war on February 24, 2024, and in May 2024, it dropped below 200 points.

Tags: KSG Agro, Astarta Holding NV, Кернел, MHP