Main points
- The WIG-Ukraine index rose by 5.43% on the Warsaw Stock Exchange after news of a ceasefire between Ukraine and Russia.
- Shares of agricultural companies such as Astarta and Agroton rose significantly, and Ukrainian securities rose on the London and Frankfurt stock exchanges.
Company shares rose / Photo Shutterstock
The Ukrainian stock index on the Warsaw Stock Exchange rose to its highest level since November 2021. The securities of agricultural companies showed the greatest growth.
Ukrainian stocks surge on ceasefire news
The WIG-Ukraine index on the Warsaw Stock Exchange rose by 5.43% to 694.81 points on Monday. This level was last recorded before the start of Russia's full-scale invasion of Ukraine in November 2021.
The impetus for growth was the statements about the possible end of the war and readiness for negotiations between Ukraine and Russia. After the announced three-day ceasefire and the announcement of a prisoner exchange in the format of “1000 for 1000”, investors intensified the purchase of Ukrainian assets.
Among agricultural companies, shares of Astarta rose the most, gaining 8.16%. The shares of agricultural holdings Agroton, IMC, and KSG Agro also showed significant growth.
Milkiland and Kernel shares also demonstrated positive dynamics, although their growth was more restrained.
Ukrainian securities rose in price on other exchanges as well
The growth of Ukrainian assets was observed not only in Warsaw. On the London Stock Exchange, shares of the agricultural holding MHP rose by almost 7%.
Also, the shares of the largest Ukrainian telecommunications operator Kyivstar rose in price on the American Nasdaq stock exchange.
Ukrainian Eurobonds on the Frankfurt Stock Exchange also showed positive dynamics, adding from 1.9% to 2.5%.
At the same time, despite investors' optimism, fighting on the front continued even during the declared ceasefire. And after it ended, Russia resumed long-range drone attacks on Ukrainian territory, including Kyiv.
A giant poultry farm will be built in Volyn: production will increase 5 times
In addition to the fact that the value of Ukrainian agricultural holdings is growing on the stock exchanges, they are also developing and expanding production.
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Yes, we previously wrote that the agroholding Avesterra Group plans to increase chicken production in Volyn from 2.3 to 12.4 million heads per year.
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The expansion of the poultry farm involves the construction of 28 new poultry houses and the creation of new jobs, which will have a positive impact on regional development.
Thus, the expansion of the poultry farm can become one of the key investment projects in the region and strengthen the company's position in the chicken production market.