Ukrainian stocks rebounding on WSE after positive news from Jeddah talks

MOSCOW. March 12 (Interfax) - Ukrainian stocks are rebounding on the Warsaw Stock Exchange (WSE) on Wednesday after a three-day average decline of 7% on the back of positive news from Tuesday's negotiations between the United States and Ukraine in Jeddah, Saudi Arabia.

Milkiland shares grew 9.52%, shares of Agroton and IMC gained 7.27% and 5.68%, respectively, KSG-Agro shares went up 10.07%, and shares of Astarta, Ukraine's largest sugar producer, rose 3.89%, Ukrainian media said, citing WSE data on Wednesday morning.

Shares of Coal Energy, which suspended its mining operations due to the crisis, gained 8.44%.

Shares of Kernel, Ukraine's largest sunflower oil producer, went up 7.47%. These shares are not part of the WSE index because of low free-float, although they were the biggest decliner yesterday, having lost 8.06%.

On the London Stock Exchange, which is less exposed to retail investors' influence than the WSE, shares of the Ferrexpo mining company, which has assets in Ukraine, went up 7.09%, while shares of the MHP agricultural holding, the largest poultry producer in Ukraine, lost 0.97%.

Ukraine's Eurobond market is also observing a rise in bond prices by 0.6% to 1.9%. Ukrainian bonds maturing in 2029 are now trading at 68.13% of their face value on the Frankfurt Exchange, and those maturing in 2036 are trading at 55.43% of their face value.

GDP-linked warrants also rose 0.78% to 77.75% of their nominal value.