The index of Ukrainian companies’ stocks, WIG-Ukraine, on the Warsaw Stock Exchange experienced a significant drop: on May 20, it fell by 3.36%, and on May 21, it dropped another 6.88%, settling at 531.24 points. This was a result of growing pessimism in the market regarding the possibility of a swift end to the war between Russia and Ukraine, as well as uncertainty about continued support from the United States.
This is reported by Business • Media
Stock Dynamics of Leading Ukrainian Companies
The largest sugar producer in Ukraine, Astarta, saw its stock value decrease by 7.76%. Agribusinesses IMK and Agrotone also lost value—by 3.3% and 7.48%, respectively. Meanwhile, shares of Coal Energy, which halted its mines due to military actions, unexpectedly rose by 4.71%.
The securities of Kernel, a leading oil producer not included in the WIG-Ukraine index, showed an increase of 1.54%.
Situation on European Exchanges and Eurobonds
On the London Stock Exchange, there was a slight decline in MHP shares, a leading poultry producer, by 0.36%. Shares of the mining company Ferrexpo fell even more significantly—by 5.23%.
On the Frankfurt Stock Exchange, Ukrainian eurobonds lost another 0.5-1.7% of their value on May 21. In particular, bonds maturing in 2029 were trading at around 62.72% of their nominal value, while 2036 bonds were at 48.57%. At the same time, the GDP warrants decreased by 0.1% to 74.53% of the conditional nominal value.
The index of Ukrainian companies’ stocks on the Warsaw Stock Exchange (WIG-Ukraine) fell by 3.36% on May 20 and by another 6.88% the following day, reaching 531.24 points.