Ukrainian securities remain highly volatile, shares down 6%-15%, bonds down 4%-5% at WSE

MOSCOW. March 3 (Interfax) - Ukrainian stocks dropped on the Warsaw Stock Exchange by 6%-15% on Monday morning, following the verbal clash between the presidents of Ukraine and the United States on Friday evening, which has apparently made a peace agreement less likely anytime soon, Ukrainian media reported.

Milkiland's stocks dropped by 14.79%, Agroton and IMK agricultural holdings by 11.01% and 9.09%, respectively, KSG-Agro by 8.58%, and those of Astarta, Ukraine's leading sugar producer, by 6.42%, media said citing the WSE.

The stocks of Coal Energy, whose coalmines have been stopped because of the crisis and whose stocks were earlier growing the fastest, have now dropped the lowest, by 14.99%.

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 6.18%. They are not included in the index calculation base because of a small free-float, although it dropped by 26.12% the day before.

At the same time, at the London Stock Exchange, which does not see as much influence of retail investors as the WSE, the stocks of MHP, Ukraine's leading chicken producer, declined by 0.66% and those of the Ferrexpo mining company declined by 0.54%.

The rift between Zelensky and Trump also caused Ukrainian Eurobonds to go down by 4.1%-5.4%, and now the 2029 Eurobonds are traded at 68.6% and 2036 Eurobonds 54.2% of par value.

Ukraine's GDP-linked warrants also declined by 4.2% to 77.8% of notional value.

The quotations of most of Ukrainian corporate Eurobonds have also gone down. In particular, the securities of DTEK Energo declined by 1.48% at the Frankfurt Stock Exchange, those of DTEK Naftogaz by 1.07%, Naftogaz of Ukraine by 0.83%, Ukrenergo by 0.17%, and Metinvest by 0.1%-0.5%, and only the securities of Ukraine's national railway company Ukrzaliznytsia saw no negative changes on Monday morning.