The reason was the escalation of the conflict in the sea of Azov
Today, November 26, 2018, shares of Ukrainian companies traded on foreign exchanges, falling after Russia’s aggressive actions against the Ukrainian ships in the Kerch Strait and the possible introduction of martial law, according to Interfax-Ukraine.
- For example, shares of Ferrexpo on the London stock exchange (London Stock Exchange, LSE) for the first 20 minutes of trading Monday fell by 2.14% to GBP1,871. According to the information on the website of the stock exchange in the first minutes of trading, they fell more than 1.6%. After that, the price for them has increased less than 1%, but 10 minutes after the start of trading again continued to fall.
- Today after opening, the stock of MHP on the LSE decreased by 0.94% to $10,50 per share. On the Warsaw stock exchange the stock kernel after 20 minutes after opening slid 1.44% to PLN54,7 apiece.
Analysts said UBR.ua that the mere fact that the escalation of the Russian-Ukrainian conflict is repulsive to investors.
“The respect of all without exception of foreign investors to such strange and at the same time a terrible event for them as martial law is unambiguously negative. They do not delve into the fact that there are only three of the ship, and the conflict has to continue, and look only at the headlines. Entering a state of war — for them it is very scary. Shares of agricultural companies fall just because apart from them and Ferrexpo shares, which, incidentally, also fall on foreign exchanges nothing is trading. Later investors will understand and back off, but obviously not all. For some funds the very existence of investment in a country where martial law is invalid,” – said UBR.ua head of analytical Department of Concorde Capital Oleksandr Parashchiy.