Ukrainian stocks opened trading on the Warsaw Stock Exchange (WSE) on Monday morning with strong gains—rising 6% to 20%—on news of progress reached in Geneva on Sunday between the Ukrainian and American delegations regarding a 28-point peace plan.
According to exchange data, an hour after the start of trading, following some downward correction, the stock price of Ukraine’s largest sugar producer, Astarta, increased by 4.95%; Milkiland by 12.50%; and the agroholdings KSG-Agro, IMC, and Ahrton rose by 9.79%, 4.69%, and 15.16%, respectively.
Shares of Coal Energy, whose mines are halted due to the war, rose 13.07%, while the largest Ukrainian oil producer, the agroholding Kernel—which is not included in the index due to its small free float—gained 5.75%.
On the London Stock Exchange (LSE), where retail investors have less influence than on the WSE, shares of the mining company Ferrexpo jumped 24.78%, while shares of Ukraine’s largest poultry producer, the agroholding MHP, increased 6.41%.
