Ukrainian Eurobonds, stocks rise on news of Trump's victory in U.S. election

MOSCOW. Nov 7 (Interfax) - Ukrainian Eurobond quotes, which had been gradually rising in price ahead of the U.S. presidential elections of November 5, added another 2-4% on November 6 on the news of Donald Trump's victory, Ukrainian media said.

According to the Frankfurt Stock Exchange, the rate of Eurobonds maturing in 2029 rose by 2% to 60.25% of the face value, while longer-term securities maturing in 2034-2036 rose by 3.3-4.2%, to approximately 46-47% of the face value, the media said.

In addition, GDP warrants rose by 3.8%, reaching 71.94% of the nominal value, the last time they were at before the crisis.

The quotes of Ukrainian corporate Eurobonds also grew slightly. For example, according to the Frankfurt Stock Exchange, the shares of DTEK Energy and DTEK Renewables rose in price by 0.5-1%, Kernel - by 1.4%, Ukrenergo - by 0.7%, while the quotes of Metinvest shares remained the same or even slightly decreased.

In the absence of the domestic Ukrainian market, shares of Ukrainian companies traded abroad also rose in price. The shares of the Ferrexpo mining company rose the most, by 27.33%, on the London Stock Exchange, while the share price of the MHP agricultural holding also increased by 0.74% there.

On the Warsaw Stock Exchange, the greatest growth was recorded for shares of IMC and KSG Agro - more than 7%, while the shares of Astarta and Kernel rose in price within 1-2%.

As a result, the WIG-Ukraine index increased by 3.4% by the end of the day, while the KPDCI_USD index increased by 8.7%.