Business news from Ukraine

Business news from Ukraine

VALUE OF SHARES OF EIGHT OUT OF NINE UKRAINIAN AGRICULTURAL HOLDINGS TENDS TO GROW

1 April , 2022  

The value of shares of eight out of nine Ukrainian agricultural holdings, whose shares are listed on foreign exchanges, fell sharply on February 24 due to the Russian military invasion of Ukraine, but partially recovered during March, reaching a maximum value for five groups of companies on March 29, during the Ukrainian-Russian negotiations in Istanbul.
Corresponding trends for securities of agricultural groups from Ukraine can be traced in the analysis of data from the Warsaw and London stock exchanges.
Thus, for the period February 23 – March 31, the price of shares of the Astarta agricultural holding on March 29 “bounced” to PLN28.5 compared to the pre-war PLN29.0 on March 23 (1.7% less). Similarly, on March 29, peak values during the war with the Russian Federation reached the price of shares of IMK – PLN21.0 (February 23 – PLN22.8, -7.8%), “Agroton” – PLN6.0 (PLN6.66, -10%) , Kernel – PLN36.5 (PLN46.4, -21.3%), Agroliga – PLN25.6 (PLN37.8, -47.6%).
At the same time, on March 29, the value of the securities of the KSG Agro group of companies even exceeded the pre-war figures, reaching PLN2.92, which is 5% more than on February 23, PLN2.78.
The most highly quoted shares of the agricultural holding MHP were $5.26 (PLN21.98) on March 3, which is -11% less than the pre-war $5.96 (PLN24.91). Milkiland reached a similar peak on March 18 – PLN1.22 against PLN1.45 (-15.8%), and Ovostar – on March 23, PLN59 against PLN58 (+1.6%).
In turn, the largest drop since the beginning of the invasion of the aggressor country of the Russian Federation, the shares of MHP agricultural holding reached $ 3.3 (PLN 13.79, -80%) on March 24, Kernel – on March 8 (PLN 18.8, a fall of 2.5 times ), Agroliga on March 3 (PLN16.5, a drop of 2.3 times), Astarta on March 2 (PLN14.2, a drop of 2 times), IMC on March 7 (PLN12.6, a drop of 1 .8 times), KSG Agro on March 24 (PLN 1.55, a drop of 1.8 times), Agroton on February 24 (PLN 4.0, -40%), Milkiland on February 24 (PLN 0.96 , a third drop), Ovostara on March 21 (PLN54.5, -7.6%).
As of 17:00 March 31, Kernel shares are valued at PLN33.0, MHP – $4.2 (PLN18.39), Astarta – PLN26.15, IMC – PLN20.5, KSG Agro – PLN2.68, Ovostar – PLN49.6, Milkiland – PLN1.22, Agroliga – PLN23.7, Agroton – PLN5.78

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