Warsaw Stock Exchange: Ukrainian Stocks Index Exceeded Pre-war Level.
The WIG-Ukraine index of Ukrainian stocks on the Warsaw Stock Exchange (WSE) continues to rise on news about progress towards peace negotiations in the Ukrainian-Russian war. The index has been rising since Monday, when it increased by 8.04%. On Tuesday, the growth continued, and the index reached 592.69 points, exceeding the pre-war level of 574.37 points.
According to WSE data, the shares of companies Milkiland, Agrotone, IMK, KSG-Agro, and Astarta also rose. The biggest increase was recorded for the shares of Coal Energy, which has halted mining due to the war, rising by 25.09%. The share prices of the oil producer Kernel and the agricultural holding MHP also increased.
The rise in Ukrainian stock prices on the Warsaw Stock Exchange is explained by a greater number of private investors in this market. At the same Time, prices for Ukrainian eurobonds fell by 2% since February 13.
Recovery of the Index After the War
The WIG-Ukraine fell to 361.98 points on the first day of the war and dropped below 200 points in May. However, with the latest news about peace negotiations, the index is rising and has exceeded the pre-war level.
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