Ukrainian securities and stock prices growafter Trump’s victory.

Thursday, November 7, 2024
Ukrainian securities and stock prices growafter Trump’s victory.

Fund managers have been buying Ukraine’s dollar bonds in a bet that Donald Trump would win the US election, accelerating an end to the war with Russia. Ukrainian Eurobonds and GDP warrants increased with news of the Trump victory. Eurobond prices increased by 1.72-3.8% to $38.15-60.71, maturing in 2029-2030 and 2034-2036. Ukrainian GDP warrants maturing in 2041 increased by 1.14% to $73.44.

In addition, values of some Ukrainian shares on foreign stock exchanges increased on November 6 after the election. The largest gain was by Ferrexpo on the London Stock Exchange, 35.05% to 84.5 pence. Shares of MHP agricultural holding rose by 3.45% to $4.20. On the Warsaw Stock Exchange, IMC shares grew by 2.36% to PLN 10.85, and Astarta shares by 0.63% to PLN 32.1.

It is noteworthy that similar trends were observed in the Russian market. The Moscow Stock Exchange index rose by 4.1% in the morning, the largest increase in over a year.

 

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