Shares of agricultural holdings rose after negotiations between Ukraine and the US

Ukrainian stocks on the Warsaw Stock Exchange (WSE), after falling by an average of 7% over the past three trading days, have risen markedly today, March 12, on the back of positive news about the Ukrainian-American talks in Saudi Arabia the day before.

According to the WSE, as of 10:20 a.m. Kyiv time, the share price of Milkiland jumped by 9.52%, Agroton by 7.27%, IMC by 5.68%, KSG-Agro by 10.07%, and Astarta by 3.89%.

Shares of Coal Energy (all of which are included in the index) with mines shut down due to the war rose by 8.44%.

In addition, Kernel shares rose by 7.47%, although the day before they fell the most – by 8.06%.

At the same time, on the London Stock Exchange, where retail investors are not as influential as on the WSE, the share price of MHP agricultural holding fell by 0.97%.

On the Ukrainian Eurobond market, the reconciliation between Ukraine and the United States also led to an increase in quotations by 0.6-1.9%: Eurobonds maturing in 2029 are now listed on the Frankfurt Stock Exchange at 68.13% of par, and in 2036 at 55.43%.

GDP warrants also rose by 0.78% to 77.75% of the notional value.

As you know, during the talks, Ukraine expressed its readiness to accept the US proposal to immediately introduce a 30-day ceasefire, subject to simultaneous implementation by Russia.