The WIG-Ukraine index of Ukrainian stocks on the Warsaw Stock Exchange (WSE) continues to rise following recent news regarding progress towards peace negotiations in the Ukrainian-Russian war: on Monday, it increased by 8.04%, reaching 556.01 points, coming close to the pre-war level of 574.37 points.
According to WSE data, the shares of Milkiland rose by 16.09% on Monday, while the agribusiness holdings "Agroton" and "IMK," located near the front lines, saw increases of 19.03% and 8.30%, respectively. KSG-Agro's shares grew by 6.22%, and the largest sugar producer in the country, "Astarta," saw a rise of 1.66%.
The shares of Coal Energy (all these stocks are part of the index), which have halted operations due to the war, experienced the most significant increase, rising by 25.88%.
Additionally, the shares of the largest Ukrainian oil producer, "Kernel," which is not included in the index due to its low free float, increased by 14.53%.
The stock price of the largest Ukrainian poultry producer, MHP, on the London Stock Exchange rose by 2.54% on Thursday, while shares of the mining and processing company Ferrexpo surged by 12.86%, recovering all losses incurred due to news of a $3.8 billion lawsuit against the holding's subsidiary and sanctions imposed on its largest shareholder, Konstantin Zhevago.
As reported, the WIG-Ukraine index plummeted from 574.37 points to 361.98 points on the first day of the war, February 24, 2024, and fell below 200 points in May 2024.