Sharp rise in shares of Ukrainian agricultural holdings on the Warsaw Stock Exchange

Ukrainian agro companies have become a growth driver on the Warsaw Stock Exchange. Agroton’s shares jumped 17.6 percent on the last day alone, and have risen 51 percent since the beginning of the year. Other public companies show similar dynamics – KSG Agro shares rose by 23.4%, Milkiland – by 30.6%, Astarta – by 8.6%. The WIG-Ukraine index, which reflects the dynamics of shares of Ukrainian issuers, rose by 9.36%, Latifundist.com reports.

Experts explain such a surge in activity by the expectation of a peaceful resolution of the conflict in Ukraine, improved financial performance of companies and lower overall risks in the region. “Investors are beginning to assess a possible ceasefire in Ukraine, which entailed a significant rise in quotations,” Polish media noted.

The excitement was not limited to the Warsaw Stock Exchange. On the London Stock Exchange, the shares of agricultural holding MHP rose by 8.8%. At the same time, Kernel’s shares have risen by 30% since the beginning of the year due to the expectation of the completion of the squeeze-out procedure by the company.

Despite the optimistic sentiment, analysts urge investors to be cautious given the market volatility. “Everyone is waiting for a possible end to the active phase of the war, but it is important to remember cold calculation,” summarized Marek Kazmerczak, senior fund manager at VIG.

Tags: MHP, KSG Agro, Astarta Holding NV