Ukrainian stocks, Eurobonds fall after news of Russia-U.S. summit timeline

MOSCOW. Oct 22 (Interfax) - The WIG-Ukraine index, which tracks Ukrainian stocks listed on the Warsaw Stock Exchange (WSE) lost 2.40% to 510.58 points in the first half of the day on Wednesday following several consecutive days of gains after it was reported on Tuesday evening that the announced meeting between Russian President Vladimir Putin and U.S. President Donald Trump in Budapest could take place a little later than planned.

Meanwhile, the main WIG20 index grew 1.05%.

Ukrainian media reported, citing WSE data, that as of 12:53 p.m. Warsaw time, shares of Astarta, Ukraine's largest sugar producer, dropped by 2.99%, Milkiland shares by 4.33%, and shares of KSG-Agro, Agroton and IMC fell by 2.40%, 2.29%, and 1.61%, respectively.

Coal Energy shares dropped 4.48%, while shares of Kernel, Ukraine's largest sunflower oil producer, which is not included in the index due to its small free float, gained 0.21%.

On the London Stock Exchange, which is less influenced by retail investors than the WSE, shares of the Ferrexpo mining company lost 6.57%, while shares of MHP, the largest chicken producer in Ukraine, rose 1.06%.

As for Eurobonds, their prices on the Frankfurt Exchange also dropped 1.25%-2.14% on Wednesday after several days of growth, while the prices of GDP warrants remained almost unchanged.