Ukrainian Eurobonds grow slightly following Riyadh talks, contrary to stocks at WSE

MOSCOW. March 26 (Interfax) - The outcomes of the two-day Russian-American and Ukrainian-American negotiations in Riyadh have inspired some optimism on the Ukrainian Eurobond market, as Ukrainian Eurobonds grew 2.2% to 3.5% at the Frankfurt Stock Exchange on Wednesday, Ukrainian media reported.

The 2029 Ukrainian Eurobonds grew by 2.2% to 68.1% of par value, the 2035 Eurobonds grew by 3.5% to 55.4%, and the 2036 Eurobonds grew by 3.0% to 54.6%.

Ukraine's GDP-linked warrants also climbed 1.4% to 77.6% of notional value.

At the London Stock Exchange (LSE), which does not see as much influence of retail investors as the Warsaw Stock Exchange (WSE), the stocks of MHP, Ukraine's leading chicken producer, grew slightly in the morning trade but then returned to the level seen at the start of the trading, while those of the Ferrexpo mining company grew 3.56%.

As for trading at the WSE, the WIG-Ukraine index declined by 1.51% to 629.37 at noon Kiev time on Wednesday, after growing 0.21% the day before.

Milkiland's stocks remained stable after two hours of trading, while those of the Agroton and IMC agricultural holdings, whose farmlands are located close to the frontline, declined by 4.67% and 2.26%, respectively; KSG-Agro declined by 0.25%, and those of Astarta, Ukraine's leading sugar producer, declined by 0.17%, according to reports from the WSE.

The stocks of Coal Energy, which were earlier growing the fastest, have now declined by 4.86%.

All of the abovementioned securities are part of the index calculation base.

In addition, the stocks of Kernel, Ukraine's leading vegetable oil producer, declined by 3.39%. They are not included in the index calculation base because of a small free-float.